David Rockefeller (June 12, 1915 – March 20, 2017) was an American economist and investment banker who served as chairman and chief executive of Chase Manhattan Corporation.
[10] After completing his studies in Chicago, he became secretary to New York Mayor Fiorello La Guardia for eighteen months in a "dollar a year" public service position.
[11] From 1941 to 1942, Rockefeller was assistant regional director of the United States Office of Defense, Health and Welfare Services.
The study finds that: "The Rockefeller-controlled Chase Manhattan Bank tops the list, controlling 16 companies.
Former Chase chairman John J. McCloy said at the time that he believed Rockefeller would not go down in history as a great banker but rather as a "real personality, as a distinguished and loyal member of the community".
[14] Rockefeller traveled widely and met with both foreign rulers and U.S. presidents, beginning with Dwight D. Eisenhower.
[22] Among the foreign leaders he met were Saddam Hussein, Fidel Castro, Nikita Khrushchev, and Mikhail Gorbachev.
[23] In 1968, he declined an offer from his brother Nelson Rockefeller, then governor of New York, to appoint him to Robert F. Kennedy's Senate seat after Kennedy was assassinated in June 1968, a post Nelson also offered to their nephew John Davison "Jay" Rockefeller IV.
[25] Rockefeller was criticized for befriending foreign autocrats in order to expand Chase interests in their countries.
He noted that Rockefeller had cut profitable deals with "oil-rich dictators", "Soviet party bosses" and "Chinese perpetrators of the Cultural Revolution".
[26][27] He named Kissinger to the board of trustees of the Rockefeller Brothers Fund, and consulted with him frequently, with the subjects including the Chase Bank's interests in Chile and the possibility of the election of Salvador Allende in 1970.
[30] Rockefeller was acquainted with Central Intelligence Agency (CIA) director Allen Dulles and his brother, Eisenhower administration Secretary of State John Foster Dulles—who was an in-law of the family[31]—since his college years.
[34] In 1953, he had befriended William Bundy, a pivotal CIA analyst for nine years in the 1950s, who became the Agency liaison to the National Security Council, and a subsequent lifelong friend.
[35] In Cary Reich's biography of his brother Nelson, a former CIA agent states that David was extensively briefed on covert intelligence operations by himself and other Agency division chiefs, under the direction of David's "friend and confidant", CIA director Allen Dulles.
[36] In 1964, along with other American business figures such as Sol Linowitz, Rockefeller founded the non-profit International Executive Service Corps, which encourages developing nations to promote private enterprise.
[42] Displeased with the refusal of Bilderberg Group meetings to include Japan, Rockefeller helped found the Trilateral Commission in July 1973.
Working with his brothers in the two floors of Rockefeller Center known as Room 5600, he reorganized the family's myriad business and philanthropic ventures.
The men kept regular "brothers' meetings" where they made decisions on matters of common interest and reported on noteworthy events in each of their lives.
Rockefeller ensured that selected members of the fourth generation, known generically as the cousins, became directly involved in the family's institutions.
The money will be used to create the David Rockefeller Global Development Fund, to support projects that improve access to health care, conduct research on international finance and trade, fight poverty, and support sustainable development, as well as to a program that fosters dialogue between Muslim and Western nations.
[49] The New York Times estimated in November 2006 that his total charitable donations amount to $900 million over his lifetime, a figure that was substantiated by a monograph on the family's overall benefactions, entitled The Chronicle of Philanthropy.
[53] Throughout his life, Rockefeller was accused of being part of an internationalist conspiracy seeking to undermine the interests of the United States and promote a more unified global order.
[55]In response to accusations of this type, David Rockefeller himself wrote in his 2003 book, Memoirs:For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions.
[14] They had six children: Rockefeller died in his sleep from congestive heart failure on March 20, 2017, at his home in Pocantico Hills, New York.
In turn, most of these trusts were held as shares in the successor companies of Standard Oil, as well as diverse real estate investment partnerships, such as the expansive Embarcadero Center in San Francisco, which he later sold for considerable profit, retaining only an indirect stake.
[62] The collection, valued at several hundred million dollars, was auctioned in the spring of 2018, with proceeds going to several designated nonprofit organizations, including Rockefeller University, Harvard University, the Museum of Modern Art, the Council on Foreign Relations, and the Maine Coast Heritage Trust.
[65] He maintained a summer home, "Ringing Point," at Seal Harbor on Mount Desert Island off the Maine coast.
It has changed hands several times over the years, and is the single largest private parcel on the island, encompassing the entire Baie de Colombier.