Word: warburgs
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Dates: during 1960-1969
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Older than the Rothschilds, more versatile than the Barings or the Hambros, Europe's Warburg-family banking dynasty has prospered ever since it started changing money in 1559. Along with bankrolling potentates and private tycoons, the Warburg family has bred many of its own philanthropists, scientists and scholars. In 20th century Germany, members of the family or their partners were friends to Kaiser Wilhelm, represented their country at Versailles (and refused to sign the treaty), sat on 100 corporate boards. After Hitler came in, the Warburgs-being Jews -were forced out. Now, however, the resilient Warburgs are returning with...
...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...
...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...
...Eric Warburg in 1944 went back to Germany in unusual style; an Air Force officer, he was the chief U.S. interrogator of Hermann Göring. He also persuaded the Allies to let his family firm quickly resume operations, then left it in the hands of associates to whom the family had entrusted it in 1938. It still carries their names, Brinckmann, Wirtz & Co. In 1956 he returned full time, now shares authority with the Brinckmanns and other partners but the Warburgs own the largest share of the business. (Eric also owns a substantial part of the Wall Street investment...
John Kenneth Galbraith, Paul M. Warburg Professor of Economics, predicted yesterday that the "old syndicate" of American foreign policy -- the Dulleses, Achesons and Rusks--would soon be replaced by a generation with "an adequately sophisticated view of Communism...