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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.
Thirteen years after beginning operations, Marcus Goldman invited his son-in-law Samuel Sachs to the business. 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.
Marcus Goldman's youngest daughter, Louisa, married Samuel Sachs, the son of Joseph Sachs, fellow Lower Franconia, Bavaria immigrant. Louisa's older sister and Sam's older brother had already married.
Samuel Sachs. Goldman, Sachs and Company. 1904–1928. Industry: Finance. Era: 1900. Sachs, together with his friend Philip Lehman of Lehman Brothers, was one of the first to realize the potential of issuing stock as a way for new companies to raise funds.
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.
Samuel Sachs 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.
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
