John L. Weinberg

John L. Weinberg
Born	John Livingston Weinberg (1925-01-25)January 25, 1925 Scarsdale, New York
Died	August 7, 2006(2006-08-07) (aged 81) Greenwich, Connecticut
Nationality	United States
Alma mater	Deerfield Academy, Princeton University, Harvard Business School
Occupation	Investment banker
Employer	Goldman Sachs
Spouse(s)	Sue Ann Gotshal (m. 1952)
Children	2[1]
Parent(s)	Sidney J. Weinberg (Senior partner, Goldman Sachs, 1930-69)

This is the elder John Weinberg. For his son, see John S. 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, 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.

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.^[2] 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.

Family and death

He died of complications following a fall at the age of 81. He and his wife Sue Ann Gotshal, daughter of Sylvan Gotshal (1897–1968),^[3] lived in Greenwich, Connecticut and had two children, son John S. Weinberg^[4] and daughter Jean Weinberg Rose,^[5] and five grandchildren, Annie, Peter, and Jack Weinberg and Johnny and Emily Rose.^[6][7] His son followed family tradition with Goldman Sachs and was vice chairman from June 2006 to October 6, 2015.^[8]

References