Henry Goldman

Henry Goldman
Born (1857-09-21)September 21, 1857
Died April 4, 1937(1937-04-04) (aged 79)
Nationality American
Spouse(s) Babette Kaufman (m. 1890)

Henry Goldman (September 21, 1857 – April 4, 1937) was an American banker. A member of the Goldman–Sachs family, he was instrumental in the making of the financial conglomerate Goldman Sachs in the early twentieth century.

Early life

Henry Goldman was born on September 21, 1857. His father, Marcus Goldman, was a German-born banker.

Career

Goldman helped list retail companies like Sears and Woolworth, despite the firms' shortage of assets. In 1911, when the firm joined with Lehman Brothers in refinancing and incorporating Studebaker, Henry served with great dedication on the automaker's executive committee.[1]:pp.26, 77

Goldman broke with his brother-in-law and main partner Samuel Sachs and the bank during World War I. In 1915, as tensions rose in Europe, Goldman publicly voiced support for the Germans and refused to allow Goldman Sachs to participate in a $150 million Anglo-French bond issue arranged by J. P. Morgan.[2] The rest of Goldman's colleagues supported the Allies. In 1917, after America entered the war, Goldman resigned as a partner from Goldman Sachs in recognition of the negative effects of this irreconcilable difference of opinion.[3]

Philanthropy

Goldman remained a strong supporter of Germany until 1933, when, during a yearly trip to Berlin, he witnessed firsthand the increasingly brutal and institutionalized anti-Semitism that prevailed in the country.[4] Goldman never returned to Germany. Until his death in 1937, Goldman worked to help German Jewish intellectuals and child refugees immigrate to the U.S. to escape the Nazis.[5]

Personal life

Goldman married Babette Kaufman.

Death

Goldman died on April 4, 1937.

References

  1. ↑ Erskine A R History of the Studebaker Corporation, South Bend 1918 (free download at Google Books)
  2. ↑ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 102-103.
  3. ↑ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 110.
  4. ↑ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 150-152.
  5. ↑ Fisher, June Breton. When Money Was in Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street, 2010, pg. 156-157.

Further reading

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