A Guide to the Herbert Salzman Papers, 1953-1988
Herbert Salzman (1916-1990), a business executive and merchant banker who served four Presidents in the field of international economics, was born to Russian immigrant parents in Brooklyn. After graduating from Yale in 1938, he joined the Standard Bag Corporation, founded by his father. A vice president of Standard Bag from 1938 until he became president in 1959, Salzman was instrumental in the company’s strong growth. When he turned 50, he sold the company and went into Government service.
President Lyndon B. Johnson made Salzman assistant director of the Agency for International Development in 1966, and the following spring he was put in charge of the agency’s new private resources division. Mr. Salzman’s division handled an investment guarantee program, forerunner of the Overseas Private Investment Corporation.
President Richard M. Nixon appointed Salzman as executive vice president of the Overseas Private Investment Corporation in 1970. He was reappointed by President Gerald R. Ford, and remained with the corporation until 1976. The following year President Jimmy Carter sent him to Paris as the United States representative to the Organization for Economic Cooperation and Development, a post he held until 1981.
Mayor Edward I. Koch, part of an overhaul of his Office for Economic Development, named Mr. Salzman Commissioner of the Office of International Business Development in 1983. He began the job on March 15 but resigned in July. He died of leukemia in 1990.
Source: Saxon, Wolfgang. “Herbert Salzman Is Dead at 74; Economics Advisor to 4 Presidents.” New York Times (http://www.nytimes.com/1990/12/25/obituaries/herbert-salzman-is-dead-at-74-economics-adviser-to-4-presidents.html). Accessed August 6, 2013.
The papers of Herbert Salzman encompass his tenure as executive vice president of the Overseas Private Investment Corporation and as a representative for the Organization for Economic Cooperation and Development. The collection is arranged chronologically and consists of correspondence, news clippings, articles, photographs, lecture and presentation notes, invitations, and social and official schedules.
This collection is open for research use.
Herbert Salzman Papers, 1957-1988, Dolph Briscoe Center for American History, The University of Texas at Austin.
This collection was processed by Stefanie Lapka, August 2013.
Accession 2015-085 added by Esther Kirchner, August 2015.
Detailed Description of the Papers