Oral History Center - UC Berkeley Library

Herbert Sandler: A Life with Marion Osher Sandler in Business and Philanthropy

Interviewee(s):
Sandler, Herbert
Interviewer(s):
Meeker, Martin
Title:
Herbert Sandler: A Life with Marion Osher Sandler in Business and Philanthropy
Abstract:
Herbert Sandler is an American philanthropist and businessman. Sandler was born in New York City in 1931 and was raised in Manhattan’s Lower East Side neighborhood. He graduated from the City College of New York in 1951 and from the Columbia School of Law in 1954. He worked as an attorney in private practice and for the Waterfront Commission of New York Harbor. Sandler met Marion Osher in 1960 and they wed in 1961. Herb and Marion Sandler moved to California in 1962 in order to purchase a small savings and loan institution. The Sandlers both served as CEOs of the institution, which was named Golden West Financial Corporation. The operating subsidiary was named Golden West Savings and later renamed to World Savings. The Sandlers sold Golden West in 2006 as they had been devoting more of their time to philanthropy. Through the Sandler Foundation, the Sandlers invested heavily in many existing organizations, such as the American Civil Liberties Union, and founded several others, including ProPublica and the Center for American Progress. In this oral history, Herb Sandler discusses the following topics: family background and upbringing; education and law school; the life and work of Marion Osher Sander; the practice of law in New York City; the purchase, expansion, culture, business model, and governance of Golden West Financial; the Savings and Loan Crisis of the 1980s; the financial crisis of the 2000s; and the establishment, administration, interests, and leadership of the Sandler Foundation.
Subject area(s):
Politics, Law, and Policy
Interview date(s):
2017
Project:
Marion and Herbert Sandler
Rights:
Herbert Sandler, “Herbert Sandler: A Life with Marion Osher Sandler in Business and Philanthropy,” conducted by Martin Meeker in 2017, Oral History Center, The Bancroft Library, University of California, Berkeley, 2019.