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The story of how Max Warburg became head of the family-owned bankhouse, although his brother was supposed to take over the business, was often told: When he was 12 years old, the one year older Aby offered Max his birthright for the promise to buy all the books Aby would ever need. Max accepted,and - as he later said - issued "the biggest blank cheque in my life". The paths of life of the two brothers spilt into different directions. Aby built his library into a research institute. Max developed M. M. Warburg & Co., thus the bankhouse becoming one of the most important private banks in Germany. At Simultaneously, they both pursued another goal: the foundation of the university. The brothers were among the early donors of the Hamburg Scientific Foundation (Hamburgische Wissenschaftliche Stiftung). It was all about "Hamburg's mental capacity" ("Hamburgs geistige Zahlungsfähigkeit").
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Keywords
- Bankhouse M. M. Warburg & Co.
- Business & management
- Culture
- Economics, finance, business & management
- foundation
- History of specific companies / corporate history
- Politics
- Science
- thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history
Links
DOI: 10.15460/HUP.MFW.17.02.207Editions