Marc Eugene Meyer


Marc Eugene Meyer was an American businessman who served as president of Lazard Frères in the United States.

Biography

Meyer was born to a Jewish family, the son of Sephora and Isaac Meyer, in Strasbourg, France. His father was a rabbi and was a member of Strasbourg's civilian government; his grandfather Jacob, also a rabbi, was appointed by Napoleon I to the Congress of Jewish Notables to help delineate the legal status of French Jews. His brother-in-law, Zadoc Kahn, was the Grand Rabbi of France.
After his father's death in 1859, 17-year-old Meyer left Strasbourg and emigrated to California. French financier Alexandre Lazard of Lazard Frères recommended him to his cousin Alexandre Weill,, securing Meyer work as a stock boy under Simon Lazard. In 1860, he was hired as a bookkeeper at the Los Angeles store of Solomon Lazard on Bell's Row. Meyer and Solomon Lazard formed a partnership, founding an L.A. department store that later became known as The City of Paris. In 1864, Meyer joined Lazard Frères, becoming a partner in 1868. In the 1870s, Meyer bought out his partner's interest in The City of Paris store, which would grow to be the largest and most elaborate department store in the Southwest. In 1884, he sold the store and moved to San Francisco, where he replaced Alexandre Weill as president of Lazard Frères, which was then one of the three "Houses of Lazard". After the Panic of 1893, Meyer was reassigned to New York City to oversee Lazard's investments, and was seminal in persuading J.P. Morgan and many European investors not to liquidate their holdings. The act was soon repealed and the crisis resolved.

Personal life

In 1867, he married Harriet Newmark, daughter of rabbi Joseph Newmark and sister of Myer J. Newmark; they had five daughters and three sons. His son, Eugene Isaac Meyer, married Agnes Ernst. His daughter, Rosalie, married Sigmund Stern, the nephew of Levi Strauss and son of David Stern; and his daughter, Elise, married Sigmund's brother Abraham Stern.. His daughter, Florence Meyer Blumenthal, married George Blumenthal. His son, Edgar Joseph Meyer, perished in the sinking of the RMS Titanic. His daughter Aline Meyer, married Charles Joseph Liebmann, the son of brewer Henry Liebmann and grandson of Samuel Liebmann. His great-grandson was Walter A. Haas Jr., who served as president of Levi Strauss & Co.