[1] Previously, White, Weld & Co. was a Boston-based investment bank, historically managed by Boston Brahmins until its sale to Merrill Lynch in 1978.

In 1929 it managed Airstocks, a short-lived venture but important because it was an early financial concern exclusively pertaining to airlines and aviation.

[3] It developed into a small, well-connected New York investment bank by the twentieth century and a bastion of the WASP establishment.

[4] Paul Hallingby was CEO, Nigel S. MacEwan was President, and Charles J. Fuhrmann II, Steve Hammerman, Harold Janeway, Charles C. Lee, Roberts W. Brokaw III, and George G. Montgomery Jr. were Senior Vice Presidents when the company was sold to Merrill Lynch.

As stock markets became more retail-oriented and investment banking became more capital intensive, the firm decided it could not compete and put itself up for sale.