Jeremy Goldsmith's company had a lot of business but short of cash. Potential partners, well aware of his weakness, were offering humiliating deals to save the company. Early in July 1957, this millionaire's game seemed up. He could not pay his bills and knew that he would now have to declare bankruptcy. On a Monday morning, he left his house to inform his bankers. Passing by a newspaper kiosk, he saw the miraculous headline BANK STRIKE screaming at him. This strike saved Goldsmith. It was the first such strike in two decades, and lasted more than a week.
A week was time enough to negotiate the sale of the Pharmaceutical business with his main competitor. The proceeds gave him a comfortable financial cushion, which he subsequently exploited to the most.
