The Guys From ‘Government Sachs’


In 1967, Sidney Weinberg celebrated his 60th year at Goldman Sachs. CreditThe New York Times

During World War II, President Franklin D. Roosevelt selected Sidney J. Weinberg, the chief executive of Goldman Sachs, to serve as the assistant director of the War Production Board. Mr. Weinberg was one of the few men on Wall Street to support Roosevelt in the 1932 election, and he went on to advise Presidents Harry S. Truman, Dwight D. Eisenhower and Lyndon B. Johnson.

Known as “Mr. Wall Street,” Mr. Weinberg began a tradition of Goldman executives taking leading roles in public service that is continuing under President-elect Donald J. Trump. Already, Steven Mnuchin has been tapped as Treasury secretary, Stephen K. Bannon was named senior adviser and Gary D. Cohn, Goldman’s president, is in talks about role in the Trump administration…

The Guys From ‘Government Sachs’

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