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DAVID ROCKEFELLER SR. - TYPESCRIPT SIGNED - HFSID 190243

Signed copy of his statement that the income bond dealer Michael Milken "raises questions as to whether there isn't something unbalanced in the way our financial system is working."

Sale Price $198.00

Reg. $220.00

Condition: fine condition
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DAVID ROCKEFELLER
Signed copy of his statement that the income bond dealer Michael Milken "raises questions as to whether there isn't something unbalanced in the way our financial system is working."
Typed Quotation signed: "David Rockefeller," 1p, 8½x11. Commenting "on bond dealer Michael Milken's $550-million 1987 compensation from his employer, Drexel Burnham Lambert",the formerCEO and Chairman of the Board of Chase Manhattan Bank says, in full: "'Such an extraordinary income inevitably raises questions as to whether there isn't something unbalanced in the way our financial system is working. One has to be concerned when the norm that have been accepted over the years suddenly become so distorted." David Rockefeller, Sr. (1915-2017), was the last surviving grandson of Standard Oil founder John D. Rockefeller and the youngest of 6 prominent siblings who included US Vice President and New York Governor Nelson Rockefeller, has turned down offers of Cabinet and US Senate appointments, preferring to operate in the private sector (including CEO of Chase Manhattan Bank, 1961-1980) and the non-profit foundations. His influence has been no less for that however. His major affiliations have included the board of the Carnegie Endowment for International Pace, the board of the Council on Foreign Relations, and founding membership on the Trilateral Commission. (He has held no position with the Rockefeller Foundation, although his son David Rockefeller, Jr. does.) Rockefeller's global network of connections and influence have made him the subject of conspiracy theories, both left-wing and right-wing. More conventional observers number him among the liberal "Rockefeller" Republicans. Rockefeller is a major philanthropist, with a net worth estimated at $2.2 billion. Michael Milken, dubbed "the junk bond king" by the press, later served two years in prison after plea bargaining 98 charges of racketeering and securities fraud down to 6 counts of securities reporting violations. At his peak, Milken's net worth almost equaled Rockefeller's, but he declared bankruptcy in 1990. Fine condition.
  

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