Sydney's gift to international finance, James D. Wolfensohn, from Sydney Boys High to leading and reforming the World Bank in a tumultuous decade, among other things. Can't think of any Australian in finance who achieved so much. https://www.washingtonpost.com/local/obituaries/james-wolfensohn-dead/2020/11/25/be7c0100-2f48-11eb-bae0-50bb17126614_story.html?tid=ss_tw
Because Kerry Packer was one of his clients, we were able to get a Business Sunday interview during a Sydney visit. On subsequent NY jobs, he would somehow make time for us, an insignificant Australian audience, including during the mayhem of the crash of '87 and 9/11, a voice...
...of reason, calm analysis and compassion.
Will always remember him seeing the threat of a 9/11-induced recession as killing more innocent people - a recession would mean X million people not rising out of poverty, Y million people being pushed back into it, Z million dying...
Will always remember him seeing the threat of a 9/11-induced recession as killing more innocent people - a recession would mean X million people not rising out of poverty, Y million people being pushed back into it, Z million dying...
Yes, investment banking made him wealthy, but he kept perspective. He could have continued to make much, much more money as an investment banker - or he could achieve something.
The comparison with those for whom everything is never enough is invidious. Vale James Wolfensohn.
The comparison with those for whom everything is never enough is invidious. Vale James Wolfensohn.