John Weinberg and John Whitehead - Goldman Sachs Strategy

John Weinberg had joined the firm in 1950 and became the chairman of the manaagement committee in 1976. Under his astute guidance, Goldman Sachs became a leader in mergers and acquisitions, purchasing companies like J. Aron in 1981. By the 1980s, Goldman Sachs had steadily built itself up as a merger and acquisition specialist and was ranked among the top ten financial institutions in the US. Goldman Sachs survived the upheaval caused by the 1987 stock market crash and surged ahead.