Ferdinand Eberstadt
| Ferdinand Eberstadt | |
|---|---|
 |
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| Born | June 19, 1890 |
| Died | November 11, 1969 |
| Alma mater | Princeton University |
| Occupation | Investment banker, policy advisor |
| Relatives |
Nicholas Eberstadt (grandson) Fernanda Eberstadt (granddaughter) |
Ferdinand A. Eberstadt (June 19, 1890 – November 11, 1969) was an American lawyer, investment banker, and an important policy advisor to the United States government who was instrumental in the creation of the National Security Council and the Central Intelligence Agency.
Ferdinand Eberstadt graduated from Princeton University in 1913. At Princeton he developed a life-long friendship with investment banker and future Secretary of Defense James Forrestal. After serving overseas in World War I, he set up a law practice in New York City, providing legal services to members of the Wall Street financial community. In 1923 he joined the prominent investment-banking firm of Dillon, Read & Co. where he earned wide respect for helping with the financing for the firm's 1925 acquisition and ultimate 1928 sale of Dodge Brothers Automobile Company to the Chrysler Corporation. Recognized for his negotiating skills in financial matters, Eberstadt was invited by the Hoover administration to participate in the 1929 World War I reparations conference in Paris as an assistant to Owen D. Young.
As an investment banker, Ferdinand Eberstadt was a key player in the efforts to restore confidence in the business community following the Wall Street Crash of 1929 by putting together restructuring packages for small business. In 1931, he set up F. Eberstadt & Co, his own investment firm that dealt in the securities of a medium-sized businesses. Near the end of the decade, Eberstadt created the Chemical Fund that proved instrumental in getting investors to see mutual funds as a sound investment vehicle. As well, he helped pioneer the leveraged buyout technique and his success made him one of the most respected financiers in the United States.
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