Word: rothschild
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...HAVEN, Conn.--Yale University will return to the heirs of Baron Edmond de Rothschild a rare 15th century Passover prayer book that apparently was stolen from the Rothschild family by the Nazis during World War II and eventually was donated to Yale...
...sign marks the headquarters of N.M. Rothschild & Sons Ltd. in London's financial district-only a shield with five red arrows, symbolizing the five sons of the dynasty's founder. The House of Rothschild, which once helped British Prime 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...
...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...
Disapproving of his cousin's business ways, Evelyn two weeks ago resigned from the board of the Rothschild Investment Trust and invoked a ten-year-old agreement that would force RIT to drop the family's name. Says Evelyn: "I don't want to sound staid and toffee nosed, but in the banking business, a name is terribly important...
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...