Creative Capital

FOUR

THE PROFESSOR

(1925–1930)

DEEP DOWN, WHEN DORIOT thought about it, he knew that he did not have a future at the New York & Foreign Development Corporation, or Kuhn, Loeb, for that matter. Kuhn, Loeb had always been a familybased business, with almost every partner linked by birth or marriage. By 1911, the firm had admitted only one unrelated partner. In March of 1923, Lewis Strauss obviated this problem in regard to himself when he married Alice Hanauer, the daughter of Kuhn, Loeb partner Jerome J. Hanauer. Strauss, who met Alice while joining the Hanauer family for occasional dinners, became a partner in 1929. As late as 1933, Otto Kahn, an infamous Kuhn partner whose mansion on Long Island served as the inspiration for Xanadu in Citizen ...