Milton Steinbach (Icahn School of Medicine at Mount Sinai)
Overview
Milton Steinbach was a significant figure in the establishment of the Mount Sinai School of Medicine, now known as the Icahn School of Medicine at Mount Sinai. As the school's first president, Steinbach played a crucial role in the development and realization of the institution's vision, transforming it into one of the leading medical schools in the United States. His leadership helped the school gain recognition for its laboratories and advances in patient care, contributing to significant medical discoveries.
Recent Developments
Since the establishment of the Icahn School of Medicine at Mount Sinai, several recent developments have been noteworthy:
- 2019 Lawsuit: In April 2019, the school was involved in a lawsuit alleging age and sex discrimination and improper reporting to funding agencies. The lawsuit was filed by eight current and former employees of the Arnhold Institute for Global Health, which brought significant attention to institutional practices. The school has denied these claims.
- COVID-19 Research: During the COVID-19 pandemic, Mount Sinai played a pivotal role in fighting the virus, being named a key site in a $470 million study to examine the long-term effects of COVID-19.
- Partnerships and Collaborations: The school has formed partnerships with prominent institutions such as The Children’s Hospital of Philadelphia and National Jewish Health, leading to the creation of specialized centers like the Mount Sinai Children’s Heart Center and the Mount Sinai – National Jewish Health Respiratory Institute.
- Continued Excellence in Research: The Icahn School of Medicine continues to lead in various research fields, ranking #11 among U.S. medical schools as per the latest rankings and securing substantial grants for research initiatives.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Milton Steinbach |
| Born | 1903, New Haven, Connecticut |
| Nationality | American |
| Occupation | Investment Banker, Philanthropist |
| Known For | Founding President of the Mount Sinai School of Medicine |
| Net Worth | Not publicly available |
| Education | B.S. from Yale University (1924) |
Early Life and Education
Milton Steinbach was born in 1903 in New Haven, Connecticut. His early education was at Phillips Academy in Andover, Massachusetts, which prepared him for Yale University. At Yale, he attended the Sheffield Scientific School, graduating in 1924 with a Bachelor of Science degree. His formative years were marked by a strong focus on science and business, influenced by his family's printing business background.
After completing his education, Steinbach joined the financial sector, marking the beginning of a successful career in investment banking. His analytical mind and leadership qualities soon earned him pivotal roles in the industry.
Career and Notable Achievements
Milton Steinbach's career highlights include his impactful contributions to both the financial world and the field of medical education.
- Investment Banking Career: Steinbach partnered with Wertheim & Co., a prestigious investment banking firm, where he served from 1933 until his death in 1970. His strategic insights and business acumen significantly influenced the firm's operations.
- Philanthropy and Academics: As a trustee of the Mount Sinai Hospital, Steinbach was instrumental in the realization of the Mount Sinai School of Medicine. His visionary leadership as the school's first president cemented its status as a premier medical institution.
- Awards and Honors: Steinbach was actively involved with various organizations, including serving as the Governor of the New York Stock Exchange from 1964 to 1969. He was also a recipient of the Yale Medal and held leadership roles in philanthropic bodies.
Current Work and Impact
Milton Steinbach's legacy continues to impact the field of medical education long after his passing in 1970. The institutions he helped establish remain at the forefront of medical research and education, training generations of medical professionals and making strides in healthcare and scientific knowledge.
Conclusion
Milton Steinbach's visionary efforts in establishing the Mount Sinai School of Medicine laid a robust foundation for what is now the Icahn School of Medicine at Mount Sinai. His dedication to advancing medical education has left a lasting legacy that continues to benefit society. The school remains a leader in medical research and education, reflecting the enduring impact of his contributions.