John L. Weinberg

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John L Weinberg, former management committee chairman of Goldman Sachs (who this article is on and who is now deceased) is not to be confused with John S Weinberg, his son and Vice-Chairman of Goldman Sachs since June 2006.

John Livingston Weinberg (January 25, 1925–August 7, 2006) was an American banker and businessperson, running Goldman Sachs from 1976 to 1990.

Biography[edit]

Weinberg was the son of Sidney Weinberg, a banker at Goldman Sachs, and was born and grew up in the Westchester County suburb of Scarsdale. He was educated at Deerfield Academy, Princeton University, and Harvard Business School. He had served as a lieutenant in the U.S. Marines in World War II and was recalled for the Korean War.

He joined Goldman Sachs in 1950 and rose to become a senior investment banker and chairman of the management committee, running the firm from 1976 to 1990.[1] At Goldman, he resisted taking the firm public, and during his tenure, Goldman refused to work on hostile takeovers.

He was a director of the Seagram drinks group, newspaper publisher Knight-Ridder, and the chemical firm Du Pont. He was a trustee of Princeton and New York-Presbyterian Hospital. He endowed the Weinberg Center for Corporate Governance at the University of Delaware.

He hired a man to keep his name and his firm's out of the press, and kept him off the full-time payroll (though he sat full-time at a desk in head office) so that if, improbably, a comment did slip out, it could be honestly dismissed as not coming from a Goldman Sachs employee.[citation needed]

He died of complications following a fall at the age of 81. He and his wife Sue Ann lived in Greenwich, Connecticut and had two children and five grandchildren.

References[edit]

Business positions
Preceded by
John C. Whitehead
Chairman and CEO, Goldman Sachs
1976–1990
Succeeded by
Robert Rubin