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John L. Weinberg

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American investment banker
John L. Weinberg
BornJohn Livingston Weinberg
(1925-01-25)January 25, 1925
Scarsdale, New York, US
DiedAugust 7, 2006(2006-08-07) (aged 81)
Greenwich, Connecticut, US
Alma materDeerfield Academy, Princeton University, Harvard Business School
OccupationInvestment banker
EmployerGoldman Sachs
Spouse Sue Ann Gotshal ​(m. 1952)​
Children3
ParentSidney J. Weinberg

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

Early life

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. He graduated with an A.B. in economics from Princeton University in 1948 after completing a senior thesis titled "Status and Functions of Corporate Directors." He then attended 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.

Career

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. 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 University 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.

Family and death

John L. Weinberg died at the age of 81 due to complications from a fall. He and his wife Sue Ann Gotshal, daughter of Sylvan Gotshal (1897–1968), lived in Greenwich, Connecticut. They had two children, and five grandchildren. Their son, John S. Weinberg, joined Goldman Sachs in 1983, became a partner in 1992, and served as vice chairman of Goldman Sachs Group Inc. from 2006 to 2015. He joined Evercore in 2016 as Chairman of the Board and became CEO in 2020.

References

  1. "John L. Weinberg". nndb.com. Retrieved 2015-04-08.
  2. Weinberg, John Livingston (1948). "Status and Functions of Corporate Directors". {{cite journal}}: Cite journal requires |journal= (help)
  3. "John L. Weinberg, 81; Longtime Goldman Sachs Executive". Los Angeles Times. 2006-08-10. Retrieved 2020-02-10.
  4. Biographical Dictionary of American Business Leaders, Volume 4, p. 1584, at Google Books
  5. Thomas, Landon Jr. (2006-08-09). "John L. Weinberg, 81, Former Leader of Goldman, Dies". The New York Times. ISSN 0362-4331. Retrieved 2020-02-10.
  6. "John Weinberg Obituary". Legacy.com. Retrieved 2020-02-10.
  7. "John S. Weinberg".
Business positions
Preceded byJohn C. Whitehead Chairman and CEO, Goldman Sachs
1976–1990 		Succeeded byRobert Rubin
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