Monday, March 20, 2017

Rockefeller of Aged

Or

Come let's mix where Rockafellers

Cross the Styx with umbrellas

In their mitts

David's on the fritz

David Rockefeller, who knew he couldn’t take it with him so he held onto it as long as he could, has died of congestive heart failure at the age of 101. The grandson of John D and son of John D Jr., David was the patriarch of the crazy loaded Rockefeller clan and was worth an estimated $3.3 billion when he died. David had been chairman and chief executive of Chase Manhattan Corporation, a position held in the family since Chase acquired the Equitable Trust Company of New York – which John Jr was the largest stakeholder of - in 1930. Chase National Bank traces its history back to the founding of The Manhattan Company in 1799 by Aaron Burr as a rival to Alexander Hamilton’s Bank of New York, because in 2017 everything ties back to Hamilton. After graduating Harvard, Rockefeller spent a year at the London School of Economics where he met future President John F. Kennedy, which led to his briefly dating Kennedy's sister Kathleen, a familial merger that could have replaced the Pentaverate as the ruling force of the planet. He served as an intern for New York Mayor Fiorello La Guardia, then worked at the United States Office of Defense, Health and Welfare Services before enlisting during World War II to establish political and economic intelligence units in North Africa and France. After the war, he went to work for Chase Manhattan, rising to become chairman and chief executive, during which time it developed the largest network of banks in the world, including the first American bank branches in the Soviet Union and China. Rockefeller relished his reputation as an international mover and shaker, hobnobbing with oil-rich dictators, Soviet party bosses and the leaders of China’s Cultural Revolution, favoring the company’s interests over anything that might resemble morality or even common decency. He played a significant role in convincing Jimmy Carter to allow the Shah of Iran, Mohammad Reza Pahlavi, into the United States for hospital treatment for lymphoma, which led to the Iran hostage crisis, without which Ben Affleck wouldn’t have won a Best Director Oscar, but did he thank Rockefeller during his acceptance speech? Of course not. After leaving Chase, he and his brothers organized the family’s vast financial and philanthropic efforts, with David taking a more active role as each brother died off. In 2005 he gave $100 million to the Museum of Modern Art and $100 million to Rockefeller University, two of the most prominent family institutions; as well as $10 million to Harvard and $5 million to Colonial Williamsburg, and he pledged $225 million to the Rockefeller Brothers Fund upon his death, so there was motive…

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