“Jacob the Rich” was a late-medieval banker from Germany. Were he alive today, he would have cut a swathe through Wall Street and the City. His story is still little known
http://econ.st/1MVgzpN
The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger. By Greg Steinmetz. Simon and Schuster; 283 pages; $27.95. ALBRECHT DÜRER’S portrait of Jacob...
經濟部長李國鼎先生在東海大學工學院新廈落成奉獻典禮( 1968.11.9) 的演講，末尾講的兩個故事：
一個是哥倫比亞大學的丁龍講座；
一個是銀行家George Fisher Baker助哈佛大學商學院的故事
George Fisher Baker
From Wikipedia, the free encyclopedia
| George Fisher Baker |
 |
| Born |
March 27, 1840 |
| Died |
May 2, 1931 (aged 91) |
| Citizenship |
American |
| Net worth |
USD $100 million at the time of his death (approximately 1/758th of US GNP)[1] |
| Spouse |
Florence Tucker Baker |
| Children |
Evelyn, Florence Bellows, George Fisher, Jr. |
George Fisher Baker (March 27, 1840 – May 2, 1931) was a
U.S. financier and
philanthropist. In 1924 he provided much of the initial funding for
Harvard Business School with a grant for $5 million.
[2] In reciprocation of this generous donation Harvard made him an honorary
Doctor of Laws and named the library after Baker. In addition, he also made several large donations to charitable causes throughout
New York City and funded the construction of
Baker Field,
Columbia University's primary athletic facility. He also provided $2 million for
Baker Memorial Library at
Dartmouth College, which has since become one of the school's symbols. He was a co-founder—along with his mentor,
John Thompson, and Thompson's sons
Frederick Ferris Thompson
and Samuel C. Thompson—of the First National Bank of the City of New
York in 1863. The institution was the first national bank to be
chartered in New York City under the National Currency Act of 1863, and
is a forerunner of today's Citibank N.A.
[3]
He became First National's President on September 1, 1877 (aged just
37) and Chairman of the Board in 1909. Mr. Baker's 20,000 shares in the
First National Bank were worth twenty million dollars (~$501 million in
2011). He was also the largest stockholder in the Central Railroad of
New Jersey. He was a director in 22 corporations, which, together with
their subsidiaries, had aggregate resources of $7,272,000,000 and he
presumably had stock in at least as many corporations. To add on, he
made $25,000,000 in 2 days in a stock exchange event and $42,000,000 in
the same week which makes him the fastest money maker so far in the
world.
Media coverage
The April 14, 1924, Edition of
Time Magazine had this to say about Baker:
True, he is twice as rich as the original J. P. Morgan,
having a fortune estimated at 200 millions. True, at the age of 84 when
he has retired from many directorates, he dominates half a dozen
railroads, several banks, scores of industrial concerns.
The March 26, 1934,
Time magazine magazine article called Baker
the richest, most powerful and most taciturn commercial banker in U. S. history[5]
A 1934 article in
Newsweek describes him as one of the most imposing figures in banking history. In the November 1994 issue of
Worth
magazine, in an interview with James Grant, editor of a financial
newsletter, Baker is described as the hidebound turn-of-the-century
banker who always got his loans repaid and was one of Grant's heroes.
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