ROCKEFELLER FAMILY HOLDINGS TOUCH EVERY ECONOMIC SPHERE

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP88-01314R000300450020-2
Release Decision: 
RIPPUB
Original Classification: 
K
Document Page Count: 
1
Document Creation Date: 
December 16, 2016
Document Release Date: 
October 6, 2004
Sequence Number: 
20
Case Number: 
Publication Date: 
September 23, 1974
Content Type: 
NSPR
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PDF icon CIA-RDP88-01314R000300450020-2.pdf87.97 KB
Body: 
WASHINGTON POST Approved For Release 2004012A: CIA-RDP88-01314RO 97 i0chdet17.e` r arnilynoddmg Touch- Every Economic Sphe By William Greider: and largely hidden. economic:- Building which the family and Thomas O'Toole power which the Rockefeller. built, richer than the Rocke-' ti w-.? . P at s+.a wdt- s: family jointly holds, which- , feller who started it all 80 The question of how much. Nelson. - - shares,':-. - whichl years -ago, Nelson's 2rand- ich pack- stretches' across the nation's father John-D the' First Ald el oo- , . r son c N --:efeller is.?worth seems like economy,. and the world's,, If Nelson-Rockefeller bey shall be. twix ed ".with the quibbling over mere mil = :Lions because, in reality, the second highest political of comes Vice President or ts make him President ith eve l d t or even w n an he Rockefeller family together flee in exercises awesome economic- the presidency itself, someday, he will- bump into power, so vast that it dwarfs Oil, banking, airlines, real' . his family's wealth on prac- _ _ _.._ t li g ti il main,' public is- ro a ca y a ry nave says he is worth $621 and supermarkets, electron ' As President, he would million. Make it $182 million ics and mutual funds,.coffee have the last word on char- with two of his trust funds. beans `and chickens. The tering overseas air routes, fyfaybe there is even more. power of the family fortune yet his family's bank is the It hardly matters. is beyond. measure, too, a largest ' stockholder in Congress, which must con- nexus of ownership and 1ev- Northwest Airlines, which- ,,fi.rm him, may find the erage. that is greater than flies the Pacific. The bank Rockefeller nomination the sum of its parts- It is holds major stakes in six poses a much deeper ques- more - powerful than most competing airlines, not _ _ ___ . _ __.. -- about power in Ameri- foreign governments, more . -. ti ` on: sters` which. Nelson's bro- counting Ea. ca-whether the complex impressive than the RCA ther Laurance launched. If President Ford wants oil prices held down, he could speak to the Veep who could-.talk to -his family..They coaJ trol the largest bloc of Eamon stock; and have a substantial presence in three other major oil companies: MMo-i bil, Amoco, and Standard of Califor- nia. If "Vice . President" Rockefeller tours the Middle East, he may find tracks in the sand left by his brother- 'David who, as chairman of Chase Arian hattan, the family bank, has been con. suiting the Arab sheikhs on where to Invest their money-the bulging for. tons from their oil wells. If "President" Rockefeller asks then CIA for intelligence on . the Soviet: Union or China, he could take comfort. ,in the knowledge that the spy-plane reconnaissance photos were-taken with. Rockefeller-made electronic -gizmos-- by Itell+ If he wants.-to check on conditions in Latin America, the stomping ground of - his youth, hecai do it through his own :personal company=-IBEC, or Interna- .tianal. BasiczEconomy Corp.-now run bj his son Rodman. It's a mini-con- giomerate-vith, affiliates in 30 coun- tries and sales this- year of more than 5O0 million--housing and supermar- kets, mutual funds, and coffee markec- ing, poultry and canned fish - If the television networks give "Vice President" Rockefeller a bad time, he might turn to "a..Iriend . at Chase _lMIan- ?hattan. According to a Senate subcom- mittee's study ,of corporate ownership, .,the bank controls respectable minority Approved For Release 2004/10/28: CIA-RDP88 114RQOOti0O458O 2d NBC, not to mention modest bites of The- New-York Times and Time-We Inc. continued