Word: bank
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Dates: during 1960-1969
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Within the black granite walls of the Stockholms Enskilda Bank is a coat of arms that bears a sober motto, borrowed from Aeschylus: Esse non Videri - to be, not to seem. In line with this injunction, the family that runs the bank has become the most powerful and wealthiest in Sweden, without seeming to be the fiscal princes they...
Sweden for Swedes. The Wallenberg who started it all was André, who visited the U.S. and Scotland as a young naval lieutenant, became fascinated by banking and founded Stockholm's first commercial bank in 1856. His Enskilda Bank became the chief funnel through which foreign capital entered Sweden, and André and the succeeding Wallenbergs directed the flow of foreign funds to finance Swedish industrialization...
...many boards is that I've been around so long." Marcus is even more self-effacing: "I am nothing," he says, "but a hyphen between generations." In one sense, he is right. His son Marc, 38, has already taken over the presidency of the Enskilda Bank, and is being groomed to be the next head of the clan...
...time (1900) when the average individual income was $490, and at Hetty's death in 1916 it was estimated at anywhere from $100 million to $200 million. Hetty helped protect it by carrying her lunch-dry oatmeal-to the desk provided for her by the Seaboard National Bank. And she saw to it that not a cent or a spoonful of oatmeal went to charity...
...probably in order to save soap, and who laboriously extracted "perfectly good nails" from a broken sled and saved them for some vague future use? Who spent half the night looking for a 2? postage stamp she had mislaid? At a time when Hetty maintained a $30 million cash bank balance, she was living in two furnished rooms in Hoboken...