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Wall Street leader, family man passes on Longboat

Harry Allan Jacobs Jr., who led one of Wall Street’s prominent investment houses during the 1970s, passed away peacefully in his Longboat Key, Florida home on Tuesday, May 5, 2020. He was 98.

Jacobs served as CEO and Chairman of Bache & Company, a pillar of post-war Wall Street, until the firm merged with Prudential in 1982. Jacobs’ career at Bache was a paragon of the fraternal age of New York finance, where relationship-driven ethos contrasted with the greed-is-good mantra of the 1980s Born in 1921 to Elsie Wolf Jacobs and Harry Jacobs Sr., a renowned New York City architect, Mr. Jacobs spent his earlier years at his family’s home on the Upper West Side of Manhattan and the summers in Lake Placid, New York. His father purchased Camp Oom-So Wee on Buck Island in 1924 and it has remained in the family since that time. Jacobs would spend many winter days in Lake Placid as a boy with the camp’s caretaker and guide Charlie Martin, as well as Charlie’s team of huskies and sled. This started Jacobs love of the outdoors, skiing and the mountains. The Adirondacks would go on to play a key role in his life.

He attended the Lincoln School and went on to Dartmouth College, where he was the manager for the ski team, graduating in 1942. While at Dartmouth he met Marie Stevens of Hanover, New Hampshire at Suicide Six Ski hill in Woodstock, Vermont.

After graduation, Jacobs began the two great loves of his life: family and flying. He joined the Army Air Corps, and married Marie during leave from Basic Training. He served as a flight instructor on B-25s for the remainder of World War II, and he continued to fly well into his 90s.

In September 1945, he was discharged from the Army Air Corps and looked for a job as an airline pilot. With no place to live, he and Marie, 6 months pregnant, stayed at the unheated Camp Oom-So Wee on Buck Island until Thanksgiving of 1945. With warning from Charlie Martin, they left before the lake froze.

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