From Wall Street to Jerusalem

The Story of Ken Bialkin, a Boy from the Bronx

By Joshua M. Sklare

Published: 2022, 391 pages

Client: Kenneth J. Bialkin

Born 1929, in Bronx, NY - Died September 3, 2019, in New York, NY

Industry: Law

Ken rose from humble beginnings to become a prominent lawyer and Jewish leader. He graduated from the University of Michigan with BS Degree in Economics (1950) and from Harvard Law School (1953). He practiced securities and corporate law at Wilkie Farr Gallagher and Skadden Arps, where he became a leading partner. He counted many prominent statesmen among his circle of friends including former secretaries of state, Henry Kissinger and George Shultz.

If the pace of deals Ken handled for Sandy Weill between 1968 and 1981 was dizzying, it seems hard to adequately describe what was accomplished between 1987 and 2001.

Ken’s journey from the Bronx to Wall Street had been a spectacular only in America kind of ride. Sandy Weill’s rise from Brooklyn to his perch on top of Wall Street was equally compelling. Sandy and Ken were a perfect duo in many respects. They got along well and became close friends, as did their wives, Joan and Ann. The couples celebrated many New Years together at the Weill’s Adirondack retreat, among many other shared experiences. The synthesis of business and socialization flowed easily.

Sandy and Ken’s relationship was a close one because they complimented each other. Their backgrounds were not dissimilar. Both had descended from Eastern European immigrants; each had grown up in the outer boroughs and made his way to the highest echelons of Wall Street. In many respects, their paths had similar trajectories. Their personalities worked well together. Sandy was brilliant at making deals, arguably the greatest Wall Street had ever seen. But like any dealmaker, he could be quick to act. Part of Ken’s job was to serve as a counterbalance. He was studied, looking at the downside and any problem that might result from a bad deal. Though passionate, Sandy placed a great deal of weight on Ken’s opinion and valued his counsel.