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RARE "Mr Wall Street" Sidney Weinberg Hand Signed 5.5X3 Card For Sale


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RARE "Mr Wall Street" Sidney Weinberg Hand Signed 5.5X3 Card:
$499.99

Up for sale a RARE!  "Mr Wall Street" Sidney Weinberg Hand Signed 5.5X3 Card. 




ES-7984E

Sidney

James Weinberg (October

12, 1891 – July 23, 1969) was a long-time leader of the Wall Street firm Goldman Sachs, nicknamed “Mr. Wall Street” by The New York Times and "director's director" by Fortune magazine.

In a rags-to-riches story,

he rose from a janitor's assistant, making $3/week, to CEO.

Weinberg's background contrasted sharply with that of the traditional Ivy League Wall Streeter. Weinberg was one of eleven children of a

Jewish immigrant wholesale liquor dealer. His 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's

mother, Sophie, was sisterhood president from 1912 to 1913, his father, Pincus,

served as president from 1919 to 1921, and the children all attended the Sunday

school and Talmud Torah. Sidney

married Helen W. Livingston there in 1920. Sidney's name does not appear in any synagogue

documents after World War I, indicating less active membership in his adult

life. Weinberg dropped out of junior high school at P.S. 13, but got a letter

of recommendation from one of his teachers to enter the job market. Sidney

joined the workforce at the age of ten "selling newspapers at the

Manhattan-Brooklyn ferry terminal, shucking oysters, and carrying feathers for

a milliner."  At one point, Sidney found jobs as a runner at

three different brokerage houses. The conflicts of interest cost him all three

positions.

Weinberg started with Goldman Sachs as a $3/week janitor's assistant, where his

responsibilities included brushing the firm's partners’ hats and wiping the mud

from their overshoes. The grandson of the firm's

founder, Paul J. Sachs, liked

Weinberg, and promoted him to the mailroom, which Weinberg reorganized. To

improve Weinberg's penmanship, Sachs sent him to Brooklyn's Browne's Business

College. Weinberg

did a stint in the U.S. Navy in World War I, and afterwards became a securities

trader. Goldman Sachs bought Weinberg a seat on the New York Stock Exchange in

1925. Weinberg became a Goldman Sachs partner in 1927 and

helped run the investment trusts, including Goldman Sachs Trading Corp. He

co-ran the division with Waddill Catchings, who shriveled the market value of Goldman

Sachs Trading Corp. from $500 million to less than $10 million. At this point,

Weinberg took over the division, becoming a senior partner in 1930. He became

head of the firm in 1930, saving it from bankruptcy, and held that position

until his death in 1969.




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RARE "Mr Wall Street" Sidney Weinberg Hand Signed 5.5X3 Card

$349.99



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