Monday, March 19, 2012
The (first) honcho who walked away from Goldman Sachs
From Fortune: Jon Winkelried was on the fast track to run one of the world's most powerful financial institutions. Then he vanished last winter amid rumors about his personal finances. Here, for the first time, the banker turned rancher explains what happened.
When Jon Winkelried first ventured inside Goldman Sachs it was early spring of 1981, and the future co-president of the 141-year-old firm was just finishing up the fourth year of his five-year undergraduate/MBA program at the University of Chicago. He had come to New York City in the hopes of securing a summer internship, but the firm's hallways felt alien to him. While only 20 miles due west of Wall Street, the town of Millburn, N.J., where Winkelried grew up, was a world away. His mother was a schoolteacher, his dad the product of a Jewish, working-class neighborhood in Newark who managed local parking garages.
Winkelried had made his way to Chicago thanks to a full academic scholarship and his athletic promise (he had been a star pitcher and third baseman on his high school team)…
Read all about it at http://features.blogs.fortune.cnn.com/2012/03/18/the-man-who-walked-away-from-goldman-sachs-fortune-2010/?s-fortune-2010/&iid=SF_F_River
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