Did Herbert Sandler cheat?

Short Presentation

Herbert Sandler was an influential American banker and philanthropist, known for his contributions to the banking industry and his philanthropic efforts alongside his wife, Marion Sandler.

Early Life

Herbert Sandler was born in 1931 in New York City. He grew up in a modest household and went on to attend City College of New York and later earned a law degree from Columbia University.

Personal Life

Herbert Sandler was married to Marion Sandler, and together they had two children. The couple was known for their close partnership in both their professional and philanthropic endeavors.

Professional Life

Herbert Sandler co-founded Golden West Financial Corporation with his wife, Marion, and served as its CEO. Under their leadership, the company grew into one of the largest savings and loan institutions in the United States.

What Were Herbert Sandler's Philanthropic Contributions?

Herbert Sandler and his wife established the Sandler Foundation, which has donated millions to various causes including scientific research, social justice, and investigative journalism.

Did Herbert Sandler Face Any Controversies?

Herbert Sandler and his wife faced criticism for their role in the sale of Golden West Financial to Wachovia Bank, which later suffered significant losses during the financial crisis. However, they defended their actions, maintaining that their business practices were sound and ethical.