Sam Nakagama | |
---|---|
Born | Delano, CA |
Died | March 8, 2006 Rumson, NJ |
Nationality | American |
Occupation(s) | Economist, businessman |
Military career | |
Service/ | U.S. Army 1942-1948 |
Sam Isamu Nakagama was a Japanese-American businessman, economist, and financial advisor. He founded Wall Street’s Nakagama Wallace, Inc. Nakagama also served in the U.S. Army during World War II.
Nakagama was a first generation American born in Delano, California, to Japanese immigrants.[1] At the outbreak of World War II, his parents were incarcerated in the Jerome and Rohwer internment camps in Arkansas, while he served in the U.S. Army.[2]
From 1945 to 1948, Nakagama became the sociologist and a pollster at General Douglas MacArthur’s post-war headquarters in Tokyo, Japan before his discharge.[3] In 1961, he was employed at Citibank, which was then known as First National City Bank. Nakagama was the principal writer of the bank's monthly economic letter.[4] By 1967, he became the chief economist and vice president of Argus Research Corp.[5] He left the company and joined Kidder, Peabody & Co., a leading Wallstreet banking firm, eventually becoming the company's vice president and chief economist.[6]
Nakagama became a Wall Street economist and commented on American economic policies such as those based on the decline of crude oil prices during the 1990s.[7] He testified before the United States Congress on fiscal policy on numerous occasions. He published articles on economics for publications such as the New York Times.[4]
Nakagama married Mary Frances Nakagama. They had two daughters. Nakagama died on March 8, 2006, at Rumson, New Jersey.[2]