Paine Webber
Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48 Congress Street in May 1881. The company was renamed Paine, Webber & Co. when Charles Hamilton Paine became a partner. Members of the Boston Stock Exchange, in 1890 the company acquired a seat on the New York Stock Exchange. Wallace G. Webber retired after the business weathered a major financial crisis that hit the market in 1893.
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Famous quotes containing the word paine:
“Alas! While your ambitious vanity is unceasingly laboring to cover the earth with statues, with monuments, and with inscriptions to eternalize, if possible, your names, and give yourselves an existence, when this body is no more, why must we be condemned to live and die unknown?”
—Thomas Paine 1737–1809, U.S. writer and magazine editor. Pennsylvania Magazine, pp. 362-4 (1775)