Word: siegmunds
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...ambition to reassert the dynasty, Siegmund Warburg faces a frustration. His only son left the firm to start his own accounting business, and the two men are not close. The War burg future seems to depend on the smaller branch in Germany, where Eric Warburg is carefully bringing along his 18-year-old son, also an American...
...Germany, Eric Warburg, 66, a naturalized U.S. citizen, has helped make his family's Hamburg investment bank one of the fastest-growing financial houses on the Continent. His cousin Siegmund Warburg, 63, has become the most rapidly expanding merchant banker of London's City. Increasingly, the two men are uniting. Siegmund holds an interest in Eric's Hamburg bank, and Eric has a stake in Siegmund's recently started Frankfurt branch...
...Desire. Though they are disparate personalities-Eric is athletic and uncomplicated, Siegmund is intellectual and rather mysterious-the two have much in common. Both specialize in international finance, and both have shaken encrusted bankers by putting their trust in modern methods and young associates. And both are driven by a desire: restore all the past glory to a many-faceted clan, whose current members range from Berlin's Otto Warburg, a Nobel-prizewinning biochemist, to Connecticut's Economist-Author James Warburg (The West in Crisis...
Sober Nightclub. Even more influential is London's Siegmund Warburg. He fled to Britain with less than $25,000 in 1933, later stormed the City's tight inner circle by investing in growing companies, reorganizing sick ones and exploiting his best asset: savvy in world finance. As a master strategist of Reynolds Metals' 1958 battle for control of British Aluminium, Warburg fought most of the British banking Establishment-and won. His S. G. Warburg & Co. also plotted most of the press takeovers by both Lord Thomson and Cecil King, helped Chrysler buy into Rootes Motors, arranged financing...
Prime Minister Wilson, an admirer of Warburg's modernizing influence in British banking, has taken Siegmund in as a close adviser. Warburg has shaken up what he calls the City's "ingenious sloppiness" by introducing Germanic organization and discipline; he even plots the seating at his business lunches with military precision. His officers often work so late that competitors call Warburg's bank "the nightclub." Secretaries transcribe every important meeting in the place, rush out a daily precis to all the directors-many of them trekking about the world on business. For his tight ship, Warburg...