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Samuel Sachs (/ z ɑː k s /; July 28, 1851 – March 2, 1935) was an American investment banker. He is most known for co-founding Goldman Sachs along with Marcus Goldman. He is noted for changing the nature of merchant banking by underwriting of the flotation of many major companies through the use of these sales to raise funds.
Marcus Goldman, while attending classes at the synagogue in Würzburg, met Joseph Sachs, who would become his lifelong friend. [1] Marcus Goldman's youngest daughter, Louisa, married Samuel Sachs, the son of Joseph Sachs, fellow Lower Franconia, Bavaria immigrant. [2]
Born in 1851 in Maryland, Samuel Sachs had begun working at 15 as a bookkeeper and went on to run a small boards, glass, and mirrors business. When Samuel accepted his father-in-law’s offer, Marcus renamed the firm M. Goldman & Sachs. The firm became Goldman, Sachs & Co. in 1888.
Samuel Sachs, in 1882, and his son, Henry Goldman, in 1885, Marcus Goldman’s enterprise became a partnership with a new name: Goldman, Sachs & Co. By the time the firm joined the New York Stock Exchange in 1896, Goldman Sachs was a leader in commercial paper sales. As the firm’s clients grew in
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When Marcus Goldman brought his son-in-law Samuel Sachs on as his business partner in 1882, neither man could know that it would be the beginning of a partnership that would last for more than a century and a half, employing generations of both families.
Oct 10, 2008 · Marcus Goldman, aged 47, established M Goldman in 1869; he was joined by a junior partner, Samuel Sachs, in 1882 and formed the company Goldman Sachs.
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May 4, 2017 · Goldman's son-in-law, Samuel Sachs, joined the business in 1882. The firm expanded into a general partnership in 1885 as Goldman, Sachs & Co. when Goldman's son Henry and son-in-law Ludwig Dreyfus joined the group.
