Sachs was a partner in and longtime leader of investment bank Goldman Sachs.

He joined the firm of his father-in-law, Marcus Goldman, in 1882, and the firm later took the name Goldman, Sachs & Co.

• With Philip Lehman of Lehman Brothers, he pioneered the underwriting of stock offerings for growing companies, including Sears, Roebuck and Co.

• He led the firm until his retirement in the late 1920s.