Wednesday, June 12, 2013

Jun 12, Former Chase Chairman David Rockefeller Sr. turns 98! "I cannot help concluding they have not taken their own propaganda too seriously."

David Rockefeller, youngest son of John D. Rockefeller Jr., in his office at Rockefeller Center in New York on Dec. 8, 1939.


On this day in 1915, David Rockefeller, Sr. the only surviving grandson of Standard Oil founder John D. Rockefeller, was born in New York City.

An American banker, art collector, emissary, and philanthropist, David Rockefeller led a distinguished career as Chairman and CEO of Chase Manhattan Bank (now JPMorgan Chase). Under his stewardship, he helped the bank become a central pillar in the world's financial system, including setting up the first branch of an American bank in One Karl Marx Square in 1973.

On working with the anti-capitalist nation, Mr. Rockefeller said "I have found nothing but cordiality with all the officials with whom I've met. I cannot help concluding they have not taken their own propaganda too seriously."

Further Reading

The Deseret News reports on American bank in Karl Marx Square 1973

NYT reports Rockefeller helps modernize Russian banking system afte the fall of the Soviet Union

David Rockefeller 1973 NYT Opinion article on socially responsible capitalism
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Flannery O'Connor

You shall know the truth and the truth shall make you odd.