Arnold Weinstock

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Arnold Weinstock

Arnold Weinstock, Baron Weinstock,

General Electric Company one of Britain's most profitable companies. The City (London) criticized Weinstock for his financial caution but after he retired as managing director in 1996, under his successor a series of ill-judged acquisitions led to catastrophic losses.[citation needed
]

Early life

Born in Stoke Newington,[1] Hackney, London, the son of working class Polish-Jewish immigrants Golda (née Schag) and Simon Weinstock, Arnold Weinstock was educated at the London School of Economics.[2][3]

Career

He was a junior administrative officer in the

Admiralty in the period 1944–1947. In 1949, he married Netta Sobell, the daughter of industrialist Michael Sobell. The couple had two children, Simon (1952–1996) and Susan (b 1955).[3] Lady Weinstock died in 2019.[4]

In 1954 he joined his father-in law's electronics company,

General Electric Company, becoming the largest shareholder of GEC.[5]
He served as a member of the board of directors from 1961 to 1963 and was managing director from 1963 to 1996, thence chairman Emeritus. He transformed the firm, raising its turnover from £100m in 1960 to £11bn at his retirement in 1996.

He was a director of Rolls-Royce (1971) Ltd from 1971 to 1973. He was a significant investor in London Weekend Television at its launch in 1968. He was Vice-President of the Friends of the Ravenna Festival (1993–1994), a trustee of the British Museum (1985–1996), the Royal Philharmonic Society and the Foundation Fund (1984–1992). He became a friend of the conductor Riccardo Muti, whose recordings he chose on the Desert Island Discs radio programme.[6] He was also senior trustee of the Next Century Foundation, a peace process organisation he helped establish. He established the Weinstock Fund, a charitable foundation that supports a variety of benevolent and cultural causes.

He became an Honorary Fellow of his alma mater, LSE, in 1985. The Guardian newspaper called him "Britain's premier post-second-world-war industrialist."[7] He was appointed a Knight Bachelor in the 1970 Birthday Honours for services to export[8] and was created a life peer in the 1980 Birthday Honours as Baron Weinstock, of Bowden in the County of Wiltshire on 17 July 1980.[9][10] He was also a Fellow of the Royal Statistical Society, an Honorary Fellow of Peterhouse, Cambridge (from 1982), and an Honorary Bencher of Gray's Inn (from 1982). He became a Commander of the Ordine al Merito of Italy in 1991 and an Officer of the Legion of Honour of France in 1992. He was awarded an Honorary DSc: Salford, 1975; Aston, 1976; University of Bath, 1978; Reading, 1978; Ulster, 1987; Hon. LLD: Leeds, 1978; Wales, 1985; Keele, 1997; Hon. DTech Loughborough, 1981; DUniv Anglia Poly., 1994; Hon. DEconSc London, 1997.

Horse racing

A member of the

St. James's Palace Stakes Sussex Stakes and Champion Stakes. Up until 1971 his horses were trained by Sir Gordon Richards but in 1970 with his father in law he purchased the West Ilsley stables from Jakie Astor, whereupon Dick Hern became his trainer. They owned and bred the St Leger Stakes runner-up Homeric. In 1974 Gaily, a purchased filly, won the Irish One Thousand Guineas. Their horse Admetus won the Washington International Stakes and the Prince of Wales's Stakes. A few years later they bred and owned Cistus who won the Lupe Stakes, Child Stakes, Nassau Stakes and the Prix de l'Opéra. Their horse Troy won the 200th Epsom Derby in 1979. In 1981 they sold the stables to the Queen
.

Two Thousand Guineas Stakes and the King George VI and Queen Elizabeth Stakes after Weinstock's death) and Islington (who won the Musidora Stakes, and after Weinstock's death won the Nassau Stakes, the Yorkshire Oaks (twice) and the Breeders' Cup Filly & Mare Turf
). Ballymacoll Stud continues as a stud owned by his family to this day. The Weinstock developed families of Reform (but also of Hellenic, Golan and Islington), Sun Prince (but also of Sun Princess and Spectrum), and Gaily (but also of Pilsudski) continue in the stud.

Arms

Coat of arms of Arnold Weinstock
Coronet
A Coronet of a Baron
Crest
Upon a Wreath Argent Or and Azure on a Mount Vert two Musical Pipes saltirewise Or between two Stakes entwined by Vines fructed proper and ensigned by a Crown Rayonny Gules
Escutcheon
Dancetty Argent and Gules on each of three Piles two issuant in chief and one in base Azure a Sun in Splendour its straight rays each tipped with Flame Or
Supporters
Dexter: a Male Griffin Azure beaked rayed and gorged with a Crown Tridenty and Forelegs Or; Sinister: a Horse Or gorged with a Wreath of Trefoils the stalks entwined Vert

References and sources

References
  1. ^ Brummer, Alex (24 July 2002). "Obituary: Lord Weinstock". The Guardian. Retrieved 20 November 2018.
  2. ^ "Index entry". FreeBMD. ONS. Retrieved 27 April 2018.
  3. ^
    doi:10.1093/ww/9780199540884.013.U39238
    .
  4. ^ Weinstock
  5. ^ "Home – Physics World". Physics World. Retrieved 20 November 2018.
  6. ^ "Lord Weinstock". The Telegraph. 23 July 2002. Retrieved 20 November 2018.
  7. ^ Brummer, Alex (24 July 2002). "Obituary – Lord Weinstock". The Guardian. Retrieved 18 October 2014.
  8. ^ "No. 45117". The London Gazette (Supplement). 5 June 1970. p. 6366.
  9. ^ "No. 48212". The London Gazette (Supplement). 13 June 1980. p. 1.
  10. ^ "No. 48257". The London Gazette. 22 July 1980. p. 10391.
Sources
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