RISK ANALYSIS BIG BUSINESS FOR EX-AIDES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP91-00901R000500150039-8
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: December 19, 2016
• Document Release Date: December 20, 2005
• Sequence Number: 39
• Publication Date: October 28, 1981
• Content Type: NSPR

ST AT
Approved For Release 2006/01/12 CIA-RDP91-00901R0
ARTICLE APPEARED
ON SAGE ;,~ C%
NET YOI TIMES
28 OCTOBER 1981
.'
Big -business
By CLYDE H. FARNSWORTl3
SpedaitoTbeNtewYmkTimes
WASHINGTON, Oct: 27- At the end-,,,'
of a long shadowy corridor in a nonde_.
script office building three blocks,
from the White House, the sign by the=
locked door reads International Busl
ness Government Counsellors Inc
After pressing a buzzer, the visitor is-
swiftly led into a room filled with
books, a large map of the world and se-
cure filing cabinets. The air is-heavy
with the aromatic smoke of pipe tobac-
co.
William E. Colby, a former director,
of the Central Intelligence Agency, ap-
praises a visitor from behind steel.-
, 'rimmed glasses and then ever so cir
caunapectly describes his new job for.
private industry'as an "investmenx:
risk assessor- -r.
It's a "natural follow-up" to his ex
perience in intelligence, he says, and
then briefly sizes up conditions in
Egypt, Saudi"',` Arabia, Mexico and
France as he used to do for his former
client in the Oval'office.
T'aouglits on Saudi Royalty
One of his conclusions: Expect a
devaluation of Mexico's currency be-
fore next year's general elections. An-
other:. The Saudi royal house has far
deeper political roots in that country
fore not ripefora coup.
Mr. Colby is a leading practitioner
ton, the selling of expertise to' the pri-
ficials. It's known as the "revolving.
Lawyers in regulatory agencies take
jobs with the companies they once
regulated. Former trade officials ad-
vise private clients on United States
trade policy. Former Cabinet officers,
with flesh knowledge of the inner
workings of Government, provide new
input to their old law -firms or to the,
boards of private companies. j
Review of Tax Policies -
The analysts also look at a country's
regulatory process and tax policies to
see whether they will be excessively
burdensome for the companies consid-
eringdoing business there. -
While there has beeaa proliferation
of'indepehderrt risk-analysis consult-
But now, after the collapse of the I~ ancies, they are now due for "some.
Shah in Iran and the clobbering that kind of shakeout," said Gordon Ray-
many companies too1cJn., faiWng to held, who is president Of the Associa:
foresee the revolution, a growing num-
ber of former officials; - particularly
those with experience in intelligence
or the foreign service,.are becoming
investment risk assessors for multina-
tional companies. r''_
A One-Man Cousvltfng Concern
Richard Helms
, another former top
C.I.A;- offfcial, who was once the.
American envoy to'Iran, now runs a
has 300 members. Multinational corn
pames. are starting to build in-house
departments of full-time investment
.analysts. Gulf, Exxon, Mobil, General-'
Motors, and Chemical Bank and Chase
moved in this direction-. The Chase
uses the services of former Secretary
of State Henry A. Kissinger on its risk.
committee for foreign loans.
he calls Safeer, after the Persian word i some universities-. Georgetown gUni
for ambassador. Among his clients is versity's School of Foreign Service is
the Bechtel Corporation, the lnternarl among these. And the professor,
tionai-: constriction enterprise ; that Thomas Reckford, not surprisingly is
thrives on contracts with
i
var
ous Mid- a formeroperative for the C.I.
die Eastern countries.
James R. Schlesinger Jr.; who had
been Defense and Energy Secretary as
well as director of the C.I.A.; now ad-:
vises Lehman Brothers, Kuhn Loeb.
One of his current tasks is the exami-
nation of investment possibilities in
China fora host of Lehman clients.
Not all have come in eat of thecold
James A. Johnson, who was eaecu
tive assistant to Vice President Mon-
dale, and two other Carter Adminis
tiation appointees, Richard C. Hol-
broolce, Assistant Secretary of State _
for East Asia, and Decker Anstrom,
who had a-high position in the Office' of
Management and Budget, have
formed a consulting operation. that
they call Public Strategies.
The assessment of a country's politi--
cal stability is only one element of
what has become a highly sophisti- .
vestmentanaiysis. -
Approved For Release 2006/01/12 : CIA-RDP91-00901 R000500150039-8
 Approved For Release 2006/01/12: CIA-RDP91-00901R00
ARTICLE APPEARED
THE WASHINGTON POST
ON PAGE.___---- 13 October 1981
Th, e Br en ca
s ,
Reagan and Mitterrand
`Costar'' in Documnentary.' I
By Donnie'Radcli ffe.
Washington Ways
Richard Helms was still U.S. am-
bassador to Iran when Anwar Sadat
mgde a-state-visit to Tehran in 1976:
As former. director of the Central:
Intelligence Agency,. Helms had
made.: headlines shuttling back and
forth to the United States to testify,
on the CIA's role in; Watergate and
in Chile's 1970 presidential elections.
At a reception, Sadat turned to
Helms~'and,' in his distinctively "ac
cented English, startled America's
former-head spook 'by asking: "Why
do you do this striptease?".
`.`I'm sorry, Mr. President," Helms
replied,: "I don't quite understand
what you're saying." : . ~
"What I'm talking about,"-Sadat
scolded,"is all these secrets the CIA
is putting out in public. It's very silly
to do things like that."
Approved For Release 2006/01/12 : CIA-RDP91-00901 R000500150039-8
 Approved For Release 2006/01/12 : CIA-RDP91-00901R0001
ARTICLE APPEARED
ON PAGE _:_ _
By Edwin Guthman
Ed?.tor of The Inquirer
PiIILA )3LPHIA Ird:2U7: Z It
11 Oc to'ber 1981
Shortly after the end of World War II, the
U. S. Navy, responding to reports that Soviet
military agencies. had achieved amazing
results in using drugs to alter human behav-
ior, began a program of identifying and test-
ing drugs that might be useful in interroga-
tions and in recruitment of agents.
It began as a defensive effort to detect and
counteract drugs and biological _ agents
which might be used by the Soviets or other
hostile countries against the United States
and its allies.
But, as congressional investigating com~
mittees reported a quarter of a century lat-
er; the defensive orientation of the program
soon became secondary as U.S. Intelligence
agencies experimented to find how the
drugs could be used to get information
from, or gain control over, enemy spies.
By 1953, the Central Intelligence Agency
began a project with the code name of
MKULTRA to determine how chemical and
biological materials could be used effective-
ly in clandestine operations. The results,
backers of the project said, would "enable
us to defend ourselves against a foe who.
might not be as restrained in the use of
those techniques as we are."
MKULTRA began by experimenting with
possible uses 'of LSD and over the next 10
years expanded into a full-blown clandes-,
tine operation with "safe houses" in the San
Francisco Bay and New York areas, plenty
of cash and a range of experiments in which
LSD and other drugs were tented on unsus-
pecting individuals from all levels of soci-
ety.
MKULTRA was a secret tightly held with-
in the CIA. Few people within the agency
knew about it. Even_ thf- CIA's ..inspector-
general was unaware- of it alter an inspec-
tion in 1957? of the Technical Services Divi-
sion which operated the project "The con-
gressional investigating committees said
there is no evidence that anyone in the
White House or in the Congress were told
about it
How many unsuspecting, nonvolunteer
persons,: were given ISD or other drugs is
not known as MKUIJI'RA records were de=
stroyed in' 1973 on 'the~'orders of Richard,
Helms, then director of the CIA.
It is known, however, that at Ieast one'
'
person, Dr. Frank Olson, a civilian employ-
-
1
'
. A
n
. fin
treau in which a CIA>ofticer had injected did severe damage to the CIA's reputation
approximately 70 micrograms of LSD as part and its ability to function,,::?
of an M1