Sidney Weinberg


Sidney Weinberg (? - July 23, 1969) was a long-time leader of the Wall Street firm Goldman Sachs. In a rags-to-riches story, he rose from janitor to CEO.

Early Life

Weinberg's background contrasted sharply with that of the traditional Ivy League Wall Streeter. Weinberg was one of eleven children of a wholesale liquor dealer and never got farther than P.S. 13. He started with Goldman Sachs as a $3-a-week porter's assistant.

Career at Goldman Sachs

After a World War I stint in the Navy, he became a securities trader. He became a Goldman Sachs partner in 1927 and helped run the investment trusts, including Goldman, Sachs Trading Corp., which proved to be a disaster. It fell from $232 to $2 after the 1929 crash.

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