IF YOU WILL IT IS NO DREAM - II
Commercial banks are the oldest and most powerful financial institutions in the world. Siggi was warned that no industry in the country has more consistently and cruelly rejected Jews from positions of power and influence, than commercial banking. There was nothing Siggi liked more than to defy preconceived beliefs. While surveying the newspapers for likely candidates, his interest focused on a medium level bank: The Trust Company of New Jersey (TCNJ). Like Wilshire, it was run by an old-school board lacking vision. It would take years for Siggi to acquire enough TCNJ stock to combine the two companies but it became his number one priority. Most of the TCNJ stock was held by approximately a dozen people. The majority of the directors on the board were old Nazi types, tall German WASPS, none of them under 70 years old, totally close- knit. Siggi picked up little bits of stock whenever they came on the market. When the largest shareholder died his son, ...