Category Archives: Business & Finance

Jews in the World of Business and Finance

Jews of the Week: Mathilde and Arthur Krim

A Couple that Transformed the World

Mathilde Krim

Mathilde Galland (1926-2018) was born in Italy to Christian parents of Swiss and Italian heritage. While studying in medical school at the University of Geneva, she met an Israeli and converted to Judaism to marry him. She became passionate about her new faith, and the Zionist dream, working tirelessly to help Israeli fighters (especially the Irgun) acquire weapons and funds. After receiving her PhD in biology in 1953, the young family settled in Israel, and Mathilde became a researcher at the Weizmann Institute. During this time, she made important discoveries about viruses and cancer, and was part of the team that first developed a way to determine the gender of an embryo. Mathilde moved to New York after getting divorced, and joined a research team at Cornell University.

Arthur Krim

During this time, she met Arthur B. Krim (1910-1994), the son of Russian-Jewish immigrants. Krim graduated from Columbia Law School in 1932 at the top of his class, and worked at a law firm until the outbreak of World War II. He served for the War Department doing critical military work, attaining the rank of lieutenant colonel. After the war, Krim launched a film studio start-up, Eagle-Lion Films. When it tanked, he became a manager at United Artists, and was given three years to turn a profit. He did it in six months, and went on to head United Artists for over two decades (producing hit films like Dr. No, which brought James Bond to America, and West Side Story, which won a record 10 Oscars). Krim and his partners made United Artists the largest movie producer in the world by 1967. Krim would later co-found Orion Pictures (Amadeus, Dances with Wolves). All in all, Krim was a film studio exec for 46 years – possibly the longest in Hollywood history – produced and distributed over 1000 films, and was called “the smartest man ever to work in the movie industry.” Aside from movies, Krim was an important member of the Democratic Party, and served as its finance chairman. He was a personal advisor to three presidents: Kennedy, Johnson, and Carter.

Arthur and Mathilde Krim with President John F. Kennedy

Mathilde and Arthur Krim were famous for their extensive philanthropy and the huge role they played in the civil rights movement, as well as in ending apartheid in South Africa and Zimbabwe, and advancing human rights all over the world. Mathilde continued to work as a researcher throughout her life, and ran the interferon lab at Sloan-Kettering Institute for Cancer Research between 1981 and 1985. During this time, she was one of the first to identify the grave dangers of HIV-AIDS, and did important research to understand the pathology of the disease. In 1983, she founded the AIDS Medical Foundation, and then co-founded the American Foundation for AIDS Research. Aside from her own research work, the Krims donated millions of dollars to the cause. In addition to 16 honourary doctorates, she was awarded the Presidential Medal of Freedom in 2000, the highest civilian honour in America. Her husband had previously received the Presidential Medal of Freedom in 1969.

When is Mashiach Coming?

Words of the Week

Every Hebrew should look upon his Faith as a temple extending over every land to prove the immutability of God and the unity of His purposes.
– Grace Aguilar

Jew of the Week: Otto Orkin

Otto the Orkin Man

Otto Orkin (1885-1968) was born in Latvia to a traditional Jewish family that immigrated to Pennsylvania when he was three years old. The family settled on a farm, and Otto’s job as a child was to make sure the rats didn’t eat their stocks. The neighbours soon heard of his success, and asked the young Otto to take care of their pests, too. At 14, Otto borrowed 50 cents from his parents to invest in a supply of arsenic, and began experimenting to find the perfect blend of rat poison. He spent hours in attics and granaries watching rat behaviour and carefully studying them. The young Orkin became an expert at rat control, and began selling his services door-to-door. At 16, he founded his own pest control company, Orkin The Rat Man. He continued growing the business, travelling across the country to sell his revolutionary formulas and methods. In 1909, he found that Richmond, Virginia did not have a pest exterminator and settled there. In 1925, Orkin’s company won its first government contract to get rid of rats for the Army Corps of Engineers. During this time, he found that Atlanta, Georgia also did not have an exterminator, and soon moved his headquarters there, renaming the business to Orkin Exterminating Company. It was also during this time that he introduced the diamond-shaped logo now famous across North America. By 1930, Orkin had 13 permanent branches in 8 states, and fifteen years later 82 branches in 14 states. During World War II, Orkin played a huge role in assisting the war effort by providing chemicals and pest control, and making sure that over 150 military installations were sanitary. The company continued to grow, and by 1950 had over 1000 employees operating in 20 states. This rapid growth was partly fueled by Orkin’s famous generosity. He paid very good salaries and all of his managers made more money than he did himself. It was also fueled by great marketing, especially the popular “Otto the Orkin Man” TV commercial – thought to be the most recognizable jingle in America at the time. Unfortunately, Orkin’s sons soon sought to wrest control of the company from him. He eventually gave in and sold his shares. The company went downhill after that, and was bought out by Rollins Inc. in 1964. Orkin continued to be a generous philanthropist until his last days. Beloved by all those who knew him, one employee said of Orkin that he had “a singleness of purpose, a goal he never lost sight of, and he worked tirelessly and diligently to achieve that goal. His was the epitome of the American Dream we hear so much about. His contribution to the industry is inestimable.”

A Kabbalistic Look at Pregnancy and Abortion

Words of the Week

It is true that it is not a good situation for us, but when did we have it better? Now the oppressor is Hitler, once it was Haman, Pharaoh, Torquemada, Purishkevich—only the names change, but the suffering remains the same. It is possible that the troubles in the past were greater. When we compare the entire Jewish situation in the world to certain eras in Jewish history, it will emerge that Jews are now doing much better than in certain difficult eras of the past. There is no reason to despair.
– Rabbi Yosef Rosenthe Rogatchover Gaon