Saul Steinberg
Person·business·AI Enriched
Relationships:1
Events:11
Library:3
Confidence:
93%
Key Facts
Type
Person
Sector
business
Industry
Not specified
Status
Draft
Country
United States
Nationality
United States
Birth Date
8/13/1939
Death Date
12/7/2012
Sex
Male
Also Known As
Saul P. Steinberg
Tags
financiercorporate raider
Overall Confidence
93%
Internal Notes
No notes
Career & Education
Positions
Founder and President
Leasco Data Processing Equipment Corporation
1961 - 1968
Chairman and Chief Executive Officer
Reliance Group, Inc.
1968 - 1982
Chairman and Chief Executive Officer
Reliance Group Holdings, Inc.
1982 - 2001
Education
Bachelor of Science
Wharton School of the University of Pennsylvania
Economics
1958 - 1962
About
Saul Phillip Steinberg (August 13, 1939 – December 7, 2012) was an American businessman and financier renowned for his bold corporate takeover tactics. He founded Leasco Data Processing Equipment Corporation, a computer leasing firm, while still young, using it to orchestrate the audacious 1968 acquisition of the significantly larger Reliance Insurance Company. This deal propelled him to billionaire status before age 40, and he subsequently developed Reliance Group Holdings into a major holding company. Steinberg earned a reputation as a corporate raider through high-profile, though unsuccessful, bids for Chemical Bank in 1969 and Walt Disney Productions in 1984.
Key Relationships
Robert Maxwell
acquired
Steinberg's Leasco acquired Pergamon Press in 1969 after exposing Maxwell's inflated claims, leading to a DTI inquiry.
Since 1969
Recent Events
Made bid for Walt Disney Productions
High-profile, though unsuccessful, bid for Walt Disney Productions
1/1/1984
Appointed Chairman and CEO of Reliance Group Holdings, Inc.
Formed as a public holding company; led bid to acquire Walt Disney Productions in 1984; company filed for bankruptcy in 2001.
1/1/1982
Joined Republican Party
Party affiliation based on campaign finance records and news reports
1/1/1980
Made bid for Chemical Bank
High-profile, though unsuccessful, bid for Chemical Bank
1/1/1969
Acquired: Robert Maxwell → Saul Steinberg
Steinberg's Leasco acquired Pergamon Press in 1969 after exposing Maxwell's inflated claims, leading to a DTI inquiry.
1/1/1969