Henry Baldwin Hyde Photo

Henry Baldwin Hyde

Born: May 2, 1834

Death: Feb 15, 1899

Nationality: United States

Henry Baldwin Hyde

Date of Birth : May 2, 1834
Date of Death : Feb 15, 1899

Henry Baldwin Hyde, founded The Equitable Life Assurance Society of the United States in 1859. It became, by the year of Hyde's death, the largest life insurance company in the world. He led the company to construct the Equitable Life Assurance Building for its headquarters, completed on May 1, 1870. He pushed to have the first passenger elevators installed in what was then the tallest office building in the United States. He was a founding member of the Jekyll Island Club aka The Millionaires Club. Hyde sought to guarantee that his son James Hazen Hyde would continue the family’s control of the company after his death. James Hazen Hyde was twenty-three when he inherited the majority shares in the billion-dollar Equitable Life Assurance Society in 1899. Five years later, at the pinnacle of social and financial success, he made one fatal miscalculation, and set in motion the first great Wall Street scandal of the twentieth century. On the last night of January 1905, James Hazen Hyde gave one of the most fabulous costume balls of the Gilded Age. Falsely accused through a media smear campaign initiated by board directors E. H. Harriman, Henry Clay Frick, J.P.

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