Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

David Rockefeller, last grandchild of John D. Rockefeller, dies  Join our daily free Newsletter

MENAFN - AFP - 20/03/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - AFP) David Rockefeller, a former head of Chase Manhattan bank and luminary in political and philanthropic circles, died Monday at the age of 101, a spokesman said.

He died in his sleep due to congestive heart failure at his home in Pocantico Hills, just north of New York City, spokesman Fraser Seitel said.

The last living grandson of Standard Oil co-founder John D. Rockefeller, he led Chase Manhattan, now part of JPMorgan Chase, in the 1960s and 1970s. Forbes magazine ranked Rockefeller 581st on its annual list of billionaires released Monday with a fortune of 3.3 billion.

His accomplishments in finance included opening the first Moscow offices of an American bank and the first in mainland #China after President Richard Nixon's 1972 visit there. He also oversaw the growth of Chase Manhattan's operations in the Middle East, Latin America and Japan, Seitel said.

Rockefeller was also well known in political circles in the #UnitedStates and overseas, where he encountered heads of states from close to 100 countries and was known as an outspoken champion of American capitalism.

He famously helped persuade then-President Jimmy Carter to allow the shah of #Iran into the #UnitedStates for cancer treatment in 1979. The move was widely seen as spurring the Iranian revolution led by the Islamic fundamentalist Ayatollah Ruholla Khomeini.

Among his most important civic roles, Rockefeller served as chairman of the Council on Foreign Relations and executive committee chair of the Museum of Modern Art, which his mother founded.

The Rockefeller Foundation mourned "the loss of great man and philanthropist," president Rajiv Shah said in a statement.

"David was one of the world's foremost advocates for the power of partnership and collaboration," he said.

"Long before it became popular wisdom, he believed effective partnerships across sectors and geographies was the only way to affect lasting change."

Rockefeller's grandfather was one of the original American "robber baron" tycoons of the 19th and early 20th centuries, employing brass-knuckles business tactics to build his oil empire before the US Supreme Court ruled in 1911 that his Standard Oil company should be broken up.

Today's oil giants, including ExxonMobil and Chevron, are descendants of Standard Oil.

However, Rockefeller family philanthropic organizations have strongly supported action on climate change policy, sparring with ExxonMobil and providing financing to research and journalism groups that accused the oil giant of knowingly supporting propaganda questioning the science of climate change.

MENAFN2003201701430000ID1095331091


 


AFP




  MENA News Headlines
 Apr 27 2017 - Afghan, Iraq Troops a 'Long-Term' Pledge: TurnbullDaily Outlook Afghanistan
(MENAFN - Daily Outlook Afghanistan) KABUL - Australian soldiers will remain in Iraq and Afghanistan for a long time, Prime Minister Malcolm Turnbull has said during a secret visit to the Middle ...

 Apr 27 2017 - Jordan- Interior minister discusses with British official security cooperationJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)--Interior Minister Ghalib Al Zu'bi on Thursday, discussed with London Metropolitan Police's acting deputy commissioner Police Mark Rowley, scopes ...

 Apr 27 2017 - Jordan- King congratulates Sierra Leone, Togo on national daysJordan News Agency
(MENAFN - Jordan News Agency) For newspapers........ Amman, April 27 (Petra)--His Majesty King Abdullah II, on Thursday, sent cables of congratulations to President of Sierra Leone Ernest Bai Koroma ...

 Apr 27 2017 - Jordan- State minister for media affairs meets IINA directorJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)--State Minister for Media Affairs and Government Spokesperson Mohammad Momani received on Thursday, Director General of the International Islamic ...

 Apr 27 2017 - Jordan- Spring, warm weather forecast over weekendJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra)-- Warm and spring conditions are forecast to prevail Thursday in most parts of the Kingdom, while it will be relatively hot in the Dead Sea and ...

 Apr 27 2017 - Jordan- Huge blasts rocks Damascus airport, thought to be Israeli strikesJordan News Agency
(MENAFN - Jordan News Agency) Amman, April 27 (Petra) --Several large explosions early Thursday have reportedly hit the vicinity of Damascus airport. According to Sputniknews, Israeli war planes ...

 Apr 27 2017 - Kuwait's Interior, Foreign and Defense Ministers depart to RiyadhKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, April 27 (KUNA) -- First Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Deputy Prime Minister and Defense Minister ...

 Apr 27 2017 - Kuwait- Two police shot while arresting suspected extremist on Reunion IslandKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, April 27 (KUNA) -- Two French police officers were shot and wounded Thursday during an operation to arrest a radical extremist suspected of terrorist ...

 Apr 27 2017 - Kuwait divers take part in Int'l conf. on marine lifeKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, April 27 (KUNA) -- Kuwait Dive Team (KDT), affiliated with the Environmental Voluntary Foundation (EVF), has taken part in an educational conference on ...

 Apr 27 2017 - OPEC, non-OPEC most likely to extend output cut for 6 months moreKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) VIENNA, April 27 (KUNA) -- The OPEC and non-OPEC producers of the 'Declaration of Cooperation' to cut oil production will meet in Vienna on May 25 and are most ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help