Word: jacob
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...Minister Benjamin Disraeli buy the Suez Canal, needs no identification. Last week sixth-generation members of one of Europe's oldest and wealthiest families were fighting over the use of their name. Evelyn de Rothschild, 49, chairman of the 176-year-old N.M. Rothschild bank, forced his cousin Jacob, 44, to stop using the family name on the Rothschild Investment Trust, which Jacob has run for ten years...
...disagreement was largely a matter of style. Discreet and conservative in its ways, the Rothschild bank is the epitome of bowler hat British banking. The Rothschild trust, known as RIT for short, is something of a swinger in world financial circles. Under Jacob's management, its assets have increased astronomically, from $14.3 million to $239 million since 1970, through investments in art galleries and auction houses, among others...
...Jacob also knows what's in a name. He proposed calling his operation the J. Rothschild Investment Trust in order to distinguish it from the N.M. Rothschild bank, but Evelyn turned down that suggestion. Finally Jacob capitulated. Saying that he was sad that the "difference of opinion within the family" had become public, he resigned as a director of N.M. Rothschild and agreed to change his firm's name to RIT Ltd. However, he has put management of its assets into another organization called J. Rothschild and Co., meaning he will continue to display the family label...
Just a day earlier, the thoroughbred had stumbled. After 24 years as the Senator from New York, Republican Jacob Javits, 76, lost his party's nomination for a fifth term, to an obscure suburban official from Long Island. Javits' reputation had once made him seem as durable as the Empire State Building. But he was always a member of an endangered species, a liberal Republican, and until last week he had never faced a primary fight, thanks to the late Nelson Rockefeller's iron-fisted rule of New York Republicans...
...sure that he would not have to serve himself. "What I want to do is to devote all my time to studying and speculating," he wrote a friend in the office of the Secretary of War. He also appealed for exemption on the ground that "my father is dying"; Jacob Lippmann. a clothing manufacturer, lived ten years longer. In his 40s Lippmann had an affair with the wife of Hamilton Fish Armstrong, his best friend. When the liaison was discovered and Lippmann decided to marry Helen Armstrong, he persuaded his father-in-law to break the news to his wife...