Banking & finance

Schroder, Bruno (6 of 13) National Life Stories: City Lives

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  • Recording date

    1992 to 1994

  • Is part of (Collection)

    City Lives

  • Recording locations

    Interviewee's office, London

  • Interviewees

    Schroder, Bruno, 1933-, (speaker, male)

  • Interviewers

    Courtney, Cathy, 1954- (speaker, female)

  • Abstract

    Part 6 (tape 3 side B): Further details of `failure' of German bank. BS's experience of Oxford. Member of Gridiron Club, was secretary of Chatham Dining Club, restarted wine cellar at University College, etc. 50% failure rate in PPE in second term, BS terrified of not passing because would ruin pleasure of summer term. Worked hard - details. Tutors who were important to BS. Through Oxford contact heard about Harvard Business School, details of why he wanted to go there. Other activities at Oxford, joined all the political clubs, was tempted to join the Communist Party in order to understand their thinking although wasn't a communist. Didn't dare join Communist Party because of McCarthyism in USA and worried about not being allowed into USA. BS impressed by Attlee, who came to speak at Eton, later encountered him again on plane. Most important long-term political influence has been Margaret Thatcher, reasons why. Socialism immensely inefficient. Thatcher altered psychology of the country, tragedy that she got the poll tax wrong and was toppled. Attitude to Suez. Contemporaries at Oxford who were important to BS. Public school people in University College 8%, friend pointed out that all elected jobs within the College were done by public school people, BS concluded British public schools instilled sense of public duty. Tradition of looking after people on estate and participating in local activities among upper classes. Most of BS's social friends at Oxford were via Gridiron Club - details. Getting into digs because knew Raymond Bonham Carter who had worked for Schroders, etc. City connections met at Oxford, all in Bullingdon Dining Club banned from dining in Oxford because so rowdy. Three platonic girlfriends whilst at Oxford, including Gillian Kleinwort - details. BS godfather to Kenneth Kleinwort's son, details of Kleinwort families. Details of other Oxford girlfriends, one of whom now married to director of Kleinwort Benson. Gillian Kleinwort very religious. Too early for BS to think of getting married. Finished Oxford in summer of 1958, third class degree. Oxford had broadened mind. Harvard Business School best education. Details of interview. Two years at HBS - details. Five suicides at HBS while BS there due to pressure of course. Friendships made at HBS. HMS gave BS interest outside banking, learnt about other industries etc. BS still using techniques taught at HBS thirty years later.

  • Description

    Interview with Bruno Schroder, non-executive director of Schroders.

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