Profiles: DIRECTORS DIRECTOR : The New Yorker

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ABSTRACT: PROFILE of Sidney J. Weinberg, senior Tweet 0 partner in the investment-banking firm of Goldman, Sachs & 0 Go. & direcor of a number of large corporations. When the Recommend McKesson & Robbins scandal broke, it was revealed that the Print company's directors, including Weinberg, had taken their E-Mail responsibilities so lightly that they had been completely Single Page hoodwinked by the firm's president, the swindler Philip Musica, then known as F. Donald Coster. Weinberg had even written in the log of Coster's yach "I'm for McKesson & Robbins & Coster, that's all." Weinberg & the other dupes on the McKesson & Robbins
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Profiles: DIRECTORS DIRECTOR : The New Yorker

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board might have been sued for negligence, but they avoided litigation by voluntarily bolstering up the company with a gift of $600,000, of which Weinberg provided around $75,000. Mentions Weinberg's article in the Harvard Business Review in which he brings up the sorry affair.

E. J. Kahn, Profiles, DIRECTORS DIRECTOR, The New Yorker, September 8, 1956, p. 39 To get more of The New Yorker's signature mix of politics, culture and the arts: Subscribe now Newyorker.com has a complete archive of The New Yorker, back to 1925. The complete archive is available to subscribers in the digital edition. If you subscribe to the magazine, register now to get access. If you don't, subscribe now.

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