Can you imagine a firm being in your family’s hands for almost THREE HUNDRED YEARS? Could you imagine that you’re ancestors helped the British government finance its anti-Napoleon campaign, especially the Battle of Waterloo, through the use of different bonds (notably consols, or bonds that provide coupon payments indefinitely)? That’s the story of the Rothschild’s, the worlds most powerful and successful Jewish family. Also, the Rothschild’s are usually considered the most successful banking dynasty in history.

Since the founding of the British arm’s firm (appropriately N M Rothschild & Sons) in 1811, the family’s influence in London and the surrounding European nations has grown considerably. The family firm is about to make a change and it’s related to its historical nepotistic policies, in which only family members hold leadership positions. For the first time ever, to modernize its operations, the firms CEO will not hold the last name of de Rothschild, but Higgins. Nigel Higgins, has been with the firm for 27 years, and yet it should come as a shock, considering the power that this family, with it’s five original branches held over the world of finance. They even financed the Suez Canal . . .

What I’m getting at is that times are changing. People’s careers are being made, while others are falling apart. Pay attention to what is going on around you, because here you have an extraordinarily powerful and intelligent group of individuals admitting that they need leadership to conquer the current financial minefield.

http://www.ft.com/cms/s/0/92795dda-15e3-11df-b65b-00144feab49a.html