13 Facts About Sidney Weinberg

Sidney Weinberg was one of eleven children of a Jewish immigrant wholesale liquor dealer.

Sidney Weinberg's family were active members of Congregation Baith Israel Anshei Emes in Brooklyn, joining when the synagogue was on Boerum Place, and remaining with it when it moved to Cobble Hill.

Sidney Weinberg did a stint in the US Navy in World War I, and afterwards became a securities trader.

Sidney Weinberg became a Goldman Sachs partner in 1927 and helped run the investment trusts, including Goldman Sachs Trading Corp.

At this point, Sidney Weinberg took over the division, becoming a senior partner in 1930.

Sidney Weinberg became head of the firm in 1930, saving it from bankruptcy, and held that position until his death in 1969.

Since many on Wall Street had opposed Roosevelt in the 1932 presidential election, Sidney Weinberg stood out as a prime candidate for the new president's liaison to Wall Street.

Sidney Weinberg handpicked executives with whom he wanted to develop business relationships, and deliberately invited no other investment bankers to join the Council, putting himself in the perfect position to network.

In 1942, Sidney Weinberg was promoted to the position of assistant to the chairman of the War Production Board.

Many executives invited Sidney Weinberg to join their own companies' boards.

Sidney Weinberg helped Ford to recruit a group of new executives including Ernie Breech and Theodore O Yntema to revitalize the struggling automobile company.

Likewise, after Weinberg helped Lyndon B Johnson win the presidency in 1964, Johnson appointed Weinberg's recommendations of John T Connor for Secretary of Commerce and Henry H Fowler for Secretary of the Treasury.

Sidney Weinberg married Helen Livingston in 1920 and the couple lived in Scarsdale, New York.