Billionaire Banker David Rockefeller, Former Head Of Chase Manhattan, Dies At 101

Tyler Durden's picture

David Rockefeller, the famous banker and philanthropist with the family name that controlled Chase Manhattan bank for more than a decade and wielded vast influence around the world in the world of finance, has died on Monday morning at his home in Pocantico Hills, N.Y. He was 101.

A family spokesman, Fraser P. Seitel, confirmed the death.

Below is an exccerpt of his obituary from the NYT:

Chase Manhattan had long been known as the Rockefeller bank, though the family never owned more than 5 percent of its shares. But Mr. Rockefeller was more than a steward. As chairman and chief executive throughout the 1970s, he made it “David’s bank,” as many called it, expanding its operations internationally.

His stature was greater than any corporate title might convey, however. His influence was felt in Washington and foreign capitals, in the corridors of New York City government, art museums, great universities and public schools.

Mr. Rockefeller could well be the last of an increasingly less visible family to have cut so imposing a figure on the world stage. As a peripatetic advocate of the economic interests of the United States and of his own bank, he was a force in global financial affairs and in his country’s foreign policy. He was received in foreign capitals with the honors accorded a chief of state.

He was the last surviving grandson of John D. Rockefeller, the tycoon who founded the Standard Oil Company in the 19th century and built a fortune that made him America’s first billionaire and his family one of the richest and most powerful in the nation’s history.

As an heir to that legacy, Mr. Rockefeller lived all his life in baronial splendor and privilege, whether in Manhattan (as a boy he and his brothers would roller-skate along Fifth Avenue trailed by a limousine in case they grew tired) or at his magnificent country estates.

Imbued with the understated manners of the East Coast elite, he loomed large in the upper reaches of a New York social world of glittering black-tie galas. His philanthropy was monumental, and so was his art collection, a museumlike repository of some 15,000 pieces, many of them masterpieces, some lining the walls of his offices 56 floors above the streets at Rockefeller Center, to which he repaired, robust and active, well into his 90s.

In silent testimony to his power and reach was his Rolodex, a catalog of some 150,000 names of people he had met as a banker-statesman. It required a room of its own beside his office.

Spread out below that corporate aerie was a city he loved and influenced mightily. He was instrumental in rallying the private sector to help resolve New York City’s fiscal crisis in the mid-1970s. As chairman of the Museum of Modern Art for many years — his mother had helped found it in 1929 — he led an effort to encourage corporations to buy and display art in their office buildings and to subsidize local museums. And as chairman of the New York City Partnership, a coalition of business executives, he fostered innovation in public schools and the development of thousands of apartments for lower-income and middle-class families.
He was always aware of the mystique surrounding the Rockefeller name.

“I have never found it a hindrance,” he once said with typical reserve. “Obviously, there are times when I’m aware that I’m treated differently. There’s no question that having financial resources, which, thanks to my parents, I learned to use with some restraint and discretion, is a big advantage.”

Ambassador for Business

With his powerful name and his zeal for foreign travel — he was still traveling to Europe into his late 90s — Mr. Rockefeller was a formidable marketing force. In the 1970s his meetings with Anwar el-Sadat of Egypt, Leonid Brezhnev of the Soviet Union and Zhou Enlai of China helped Chase Manhattan become the first American bank with operations in those countries.

“Few people in this country have met as many leaders as I have,” he said.

Some faulted him for spending so much time abroad. He was accused of neglecting his responsibilities at Chase and failing to promote aggressive, visionary managers. Under his leadership Chase fell far behind its rival Citibank, then the nation’s largest bank, in assets and earnings. There were years when Chase had the most troubled loan portfolio among major American banks.

“In my judgment, he will not go down in history as a great banker,” John J. McCloy, a Rockefeller friend and himself a former Chase chairman, told The Associated Press in 1981. “He will go down as a real personality, as a distinguished and loyal member of the community.”

His forays into international politics also drew criticism, notably in 1979, when he and former Secretary of State Henry A. Kissinger persuaded President Jimmy Carter to admit the recently deposed shah of Iran into the United States for cancer treatment. The shah’s arrival in New York enraged revolutionary followers of the Ayatollah Ruhollah Khomeini, provoking them to seize the United States Embassy in Iran and hold American diplomats hostage for more than a year. Mr. Rockefeller was assailed as well for befriending autocratic foreign leaders in an effort to establish and extend his bank’s presence in their countries.

“He spent his life in the club of the ruling class and was loyal to members of the club, no matter what they did,” The New York Times columnist David Brooks wrote in 2002, citing the profitable deals Mr. Rockefeller had cut with “oil-rich dictators,” “Soviet party bosses” and “Chinese perpetrators of the Cultural Revolution.”

Still, presidents as ideologically different as Mr. Carter and Richard M. Nixon offered him the post of Treasury secretary. He turned them both down.

After the death in 1979 of his older brother Nelson A. Rockefeller, the former vice president and four-time governor of New York, David Rockefeller stood almost alone as the remaining family member with an outsize national profile. Only Jay Rockefeller, a great-grandson of John D. Rockefeller, had earned prominence as a governor and United States senator from West Virginia. No one from the family’s younger generations has attained or perhaps aspired to David Rockefeller’s stature.

“No one can step into his shoes,” Warren T. Lindquist, a longtime friend, told The Times in 1995, “not because they aren’t good, smart, talented people, but because it’s just a different world.”

A Privileged Life

The youngest of six siblings, David Rockefeller was born in Manhattan on June 12, 1915. His father, John D. Rockefeller Jr., the only son of the oil titan, devoted his life to philanthropy. His mother, Abby Aldrich Rockefeller, was the daughter of Nelson Aldrich, a wealthy senator from Rhode Island.

Besides Nelson, born in 1908, the other children were Abby, who was born in 1903 and died in 1976 after leading a private life; John D. Rockefeller III, who was born in 1906 and immersed himself in philanthropy until his death in an automobile accident in 1978; Laurance, born in 1910, who was an environmentalist and died in 2004; and Winthrop, born in 1912, who was governor of Arkansas and died in 1973.

David, the youngest, grew up in a mansion at 10 West 54th Street, the largest private residence in the city at the time. It bustled with valets, parlor maids, nurses and chambermaids. For dinner every night his father dressed in black tie and his mother in a formal gown.

Summers were spent at the 107-room Rockefeller “cottage” in Seal Harbor, Me., weekends at Kykuit, the family’s country compound north of the city in Tarrytown, N.Y. The estate was likened to a feudal fief. As Mr. Rockefeller wrote in his autobiography, “Memoirs” (2002), “Eventually the family accumulated about 3,400 acres that surrounded and included almost all of the little village of Pocantico Hills, where most of the residents worked for the family and lived in houses owned by Grandfather.”

In that bucolic setting he developed a fascination for insects that would lead to his building one of the largest beetle collections in the world.

David was 21 when John D. Rockefeller died. “He told amusing stories and sang little ditties,” Mr. Rockefeller recalled in 2002. “He gave us dimes.”

His sense of noblesse oblige was heightened by his early education at the experimental Lincoln School in Manhattan, founded by the American philosopher John Dewey and financed by the Rockefeller Foundation to bring together children from varied social backgrounds. He went on to study at Harvard, receiving his B.S. in 1936, and then spent a year at the London School of Economics, a hotbed of socialist intellectuals. Mr. Rockefeller was awarded a Ph.D in economics from the University of Chicago in 1940.

Moved by the Great Depression at home and abroad, he stated in his doctoral thesis that he was “inclined to agree with the New Deal that deficit financing during depressions, other things being equal, is a help to recovery.” The notion that a Rockefeller would take such a liberal economic view was major news; the family, rock-ribbed Republican, was known for its fierce opposition to President Franklin D. Roosevelt, the New Deal’s author.

After receiving his doctorate, Mr. Rockefeller became a secretary to Fiorello H. La Guardia, New York’s pugnacious, liberal Republican mayor. In 1940, he married Margaret McGrath, known as Peggy, whom he had met at a dance seven years earlier, when he was a Harvard freshman and she was a student at the Chapin School in New York. His wife, a dedicated conservationist, died at 80 in 1996. They had six children: David Jr., Abby, Neva, Margaret, Richard and Eileen. A complete list of his survivors was not immediately available.

Mr. Rockefeller enlisted in the Army in 1942, attended officer training school and served in North Africa and France in World War II. He was discharged a captain in 1945.

He began his banking career in 1946 as an assistant manager with the Chase National Bank, which merged in 1955 with the Bank of Manhattan Company to become Chase Manhattan. Banking in the early postwar era was a gentleman’s profession. Top executives could attend to outside interests, using social contacts to cultivate clients, while leaving day-to-day management to junior officers. Mr. Rockefeller found plenty of time for such activities. In the late 1940s he replaced his mother on the Museum of Modern Art’s board and eventually became its chairman. He courted art collectors. In 1968, he put together a syndicate, including his brother Nelson and the CBS chairman, William S. Paley, to buy Gertrude Stein’s collection of modern art. David and Peggy Rockefeller’s own prized paintings — by Cézanne, Gauguin, Matisse, Picasso — were lent to the museum permanently.

Expanding a Bank Globally

Mr. Rockefeller’s rise in banking was swift. By 1961 he was president of Chase Manhattan and its co-chief executive with George Champion, the chairman. Promoting expansion overseas, Mr. Rockefeller clashed with Mr. Champion, who thought that the bank’s domestic business was more important. After Mr. Rockefeller replaced Mr. Champion as chairman and sole chief executive in 1969, he was able to enlarge the bank’s presence on almost every continent. He said his brand of personal diplomacy, meeting with heads of state, was crucial in furthering Chase’s interests.

“There were many who claimed these activities were inappropriate and interfered with my bank responsibilities,” Mr. Rockefeller wrote in his autobiography. “I couldn’t disagree more.” His “so-called outside activities,” he insisted, “were of considerable benefit to the bank both financially and in terms of its prestige around the world.”

By 1976, Chase Manhattan’s international arm was contributing 80 percent of the bank’s $105 million in operating profit. But instead of vindicating Mr. Rockefeller’s avidity for banking abroad, those figures underlined Chase’s lagging performance at home. From 1974 to 1976 its earnings fell 36 percent, while those of its biggest rivals — Bank of America, Citibank, Manufacturers Hanover and J..P. Morgan — rose 12 to 31 percent.

The 1974 recession hammered Chase, which had an unusually large portfolio of loans in the depressed real estate industry. It also owned more New York-related securities than any other bank in the mid-1970s, when the city was edging toward bankruptcy. And among major banks, Chase had the largest portfolio of nonperforming loans.

Chase also got caught up in a scandal in 1974. An internal audit discovered that its bond trading account was overvalued by $34 million and that losses had been understated. A resulting $15 million drain in net income tarnished the bank’s image. In 1975, the Federal Reserve and the comptroller of the currency branded Chase a “problem” bank.

Even as he struggled to reverse Chase Manhattan’s decline, Mr. Rockefeller found time to address New York City’s financial problems. His involvement in municipal affairs dated to the early 1960s, when, as founder and chairman of the Downtown-Lower Manhattan Association, he recommended that a World Trade Center be built.

In 1961, largely at his instigation, Chase opened its 64-story headquarters in the Wall Street area, a huge investment that helped revitalize the financial district and encouraged the World Trade Center project to proceed.

In the mid-1970s, with New York City facing a default on its debts because of sluggish economic growth and uncontrolled municipal spending, Mr. Rockefeller helped bring together federal, state and city officials with New York business leaders to work out an economic plan that eventually pulled New York out of its crisis.

Continued reading at the NYT

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_freedom_lover_'s picture

Rest in hell, enemy of humanity. 

cookies anyone's picture

fuck him, next Soros

jomama's picture

One reptile down, dozens to go.

TheMagician's picture

My bet is, the demons in charge of his eternal spit roasting, are already complaining about the massive overtime someone has to pay them. Maybe he can try to negotiate with that by now inaccessible fortune he left behind... sarc.

RedBaron616's picture

Mr. Rockefeller left the world with exactly what he came into the world with: NOTHING.

Now, as we all will, he will face his Maker.  Neither his money nor his connections will count for anything there.

Theremustbeanotherway's picture

One fake Philanthropist NWO villain down! Of course, he didn't die young, no doubt he received transfusions of baby blood from Margaret Sanger's clinics!!       

logicalman's picture

I was thinking of, just for fun, putting up a good word for the dude, just to see how many digits the downvote counter can cope with, but I couldn't bring myself to do such a thing!

Itsarap's picture

Good,Now the hell fire awaits!!!!!

smithmorra's picture

THIS IS ANOTHER REASON WHY WE NEED MORE GUNS(FIREARMS)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

To Hell In A Handbasket's picture

Any cunt that serves a privileged class via inheritance and believes he was better than the average pleb deserves to die. Did that cunt ever arm up and defend his country? Nothing more than a FIAT paper money pusher and serial briber of government officials. Your death was long overdue. CUNT!

fiftybagger's picture

9 Hell from beneath is moved for thee to meet thee at thy coming: it stirreth up the dead for thee, even all the chief ones of the earth; it hath raised up from their thrones all the kings of the nations.

10 All they shall speak and say unto thee, Art thou also become weak as we? art thou become like unto us?

11 Thy pomp is brought down to the grave, and the noise of thy viols: the worm is spread under thee, and the worms cover thee.

12 How art thou fallen from heaven, O Lucifer, son of the morning! how art thou cut down to the ground, which didst weaken the nations!

13 For thou hast said in thine heart, I will ascend into heaven, I will exalt my throne above the stars of God: I will sit also upon the mount of the congregation, in the sides of the north:

14 I will ascend above the heights of the clouds; I will be like the most High.

15 Yet thou shalt be brought down to hell, to the sides of the pit.

16 They that see thee shall narrowly look upon thee, and consider thee, saying, Is this the man that made the earth to tremble, that did shake kingdoms;

17 That made the world as a wilderness, and destroyed the cities thereof; that opened not the house of his prisoners?

18 All the kings of the nations, even all of them, lie in glory, every one in his own house.

19 But thou art cast out of thy grave like an abominable branch, and as the raiment of those that are slain, thrust through with a sword, that go down to the stones of the pit; as a carcase trodden under feet.

20 Thou shalt not be joined with them in burial, because thou hast destroyed thy land, and slain thy people: the seed of evildoers shall never be renowned.

Isaiah 14 King James Bible

DC Beastie Boy's picture

a fetus smoothie every morning will keep most people alive past 100

TheABaum's picture

I don't care about the priviledged few. That his family has waning influence is good.

That there is still a huge leftist operation in the Rockefeller Foundation is disgusting.

 

Making Merica Great Again's picture

He was a great man. I pray for his soul. God Bless.

bobsmith5's picture

Pray for his soul?  You might as well be praying for the soul of Satan because no man alive could have been closer except for the members of the Rothschilds family.

Making Merica Great Again's picture

But... I like Satan. God is so overrated.

 

Making Merica Great Again's picture

Fucking godlovers negging me. I smell goatfuckers.

benb's picture

Perhaps the biggest dirt-bag subversive in American history. Note the fascist rag, The New York Times is fantasizing his obituary. The following would be closer to the truth:

A consummate traitor and City of London operative, Little David Rockefeller served as the true President of the US from the 1960's through the 1990's. In the staged 2nd World War little David served on General George C. Marshall's staff. The desk next to him was occupied by the raper of boys and war criminal, Henry “Heinz” Kissinger. Not one Standard Oil tanker was ever attacked by the NAZIs throughout the war as Rockefellers were supplying oil to the German war machine visa a vi Francisco Franco of Spain. In 1964 David Rockefeller took a questionable vacation. He went to the Soviet Union. Within 60 days of his visit Nikita Khrushchev resigned.

The seditious New York Times never reported that Nixon’s Attorney General, John Mitchell, was David Rockefeller’s personal attorney. Scuttlebutt is Little David had his brother Nelson murdered. Nelson had a pension for snorting ‘poppers’ when he was screwing his ‘party girls’ and Little David had a little something extra put in his ‘popper.’ His nephew, William Jefferson Clinton was produced as a result of the seamen that did not run down the leg of a Mafia party girl and his brother, Lawrence.

Integral to the overthrow of the Allende government in Chile and its attendant butchery, Little David never flinched. After all, he and his brothers had been given Anaconda Copper and the nation of Chile for their 21st birthdays.

Key member of the Bilderberg Group dedicated to world domination by a handful of entitled delusionites Little David went on to found the ultra-treasonous Tri-Lateral Commission.  

Grandpa John D. dabbled in buying up baby pabulum companies then spiking the baby food with talc to poison the babies. The tradition was carried on by the Rockefellers funding the Kaiser Wilhelm Institute for Racial Hygiene and guiding Hitler through his eugenics human extermination programs including having Rockefeller controlled International Business Machines run the accounting/ logistics for the NAZI Death Camps. Cancer spiked vaccines, gender bending food packaging, brain damaging chemicals are all just part of the Rockefeller Foundation Legacy which Little David helped oversee.

Being David Rockefeller necessitated having a bank where you are the only customer. About 8 years ago when Rockefeller retired, his personal banker was apparently so distraught that he committed suicide upon learning he could no longer serve Little David.

 

Citizens and those of conscience are encouraged to donate stool and urine in generous quantities to be showered over the gravesite by drone.

Akhenaten II's picture

You missed the bit about cloning, the stealth navy (invisible cloaking) based at the remote South Georgia island (the real reason for the Falklands fiasco), the numerous attempts to bring about a nuclear confrontation with the Soviets, the looting of Fort Knox and the financing of secret anti-gravity space program.

Otherwise, good call.

benb's picture

Only so much time. Feel free to keep going. I'll check it out. I'm not a Rockefeller. I got a go out and get some stuff done unfortuneately. 

bobsmith5's picture

Now, I only wish this truthful and more accurate obituary were extended by ten times at least, because it's only the very tip of the iceberg. 

Blazing in BC's picture

All good excepty for the "death camps" reference.

benb's picture

The connection to IBM which was founded by Thomas Watson and funded by the Rockefellers to the NAZI eugenics program is indisputable. Rockefeller controlled IBM supplied and staffed personel in Germany to run their Hollerith tabulators for the Slave Labor/Concentration Camps. The tattoos on the prisoner's arms in the camps were symbols fed into the IBM Hollerith machines to track and manage them. The Bush's and other families profited from the slave labor.

TwelveOhOne's picture

Right, I agree with your comment's parent.  As you pointed out at the end of your comment -- they were slave camps, not death camps.

Akhenaten II's picture

Just imagine the surprise on this evil bastard's face when he realises;

a) There is an afterlife and a thing called Karma

b) There isn't enough gold in the universe to balance out his evil sins.

c) Beelzebub doesn't give a shit about who you 'were'.  You are a just another nameless face to be tortured and tormented for all eternity.

NO SOUP FOR YOU BITCH,

Lucky Leprachaun's picture

"We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order." - David Rockefeller

Rot in hell you fucker and may your BFF Soros soon oin you there.

SilvaDolla's picture

I'm reminded of that scene from the Naked Gun where Frank Drebin and Jane are seated at a table just next to the pianist and Jane says to him,

"Play our song again, Sam. just one more time...(looks at Frank) for us."

(Piano intro)

"Ding-Dong the witch is dead! Which old witch ? the wicked witch...!"

Frank stops him, "That's enough, Sam...just-uhh...play the other one."

Good Riddance to bad rubbish!

Able Ape's picture

What took you so long?...

Davidduke2000's picture

The deal they stuck in the synagogue of satan had its benefits. 

Fireman's picture

Hell's got a new member of the board; burn baby burn.

AKKadian's picture

We are never to speak evil of the dead. But I'm wondering how many Babies did he eat to live to be 101 how many sacrifices were made.!!!

Davidduke2000's picture

Good riddance. another one bites the dust.

Victory_Garden's picture

Ding dong the evil satanic/luciferian babylonian is dead...the evil satanic/luciferic babylonian is dead...ding dong the evil thing is dead...

Ding dong the evil babylonian luciferian/satanist is dead....

Yayyyyyyyyyyyyyyyyyy!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Next up to be taken back to hell....poppy bush.

Yaaaayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!!!!!!!!!!!!!

 

https://www.youtube.com/watch?v=eJlN9jdQFSc

just the tip's picture

poppy bush is only 90 years old.  which means we're stuck with him for another decade.  or two.  or three.

bobsmith5's picture

All I got to say is who wrote that obituary?  It was the antithesis of the reality of his life.  Let our comments stand as the true testament of his sordid, vile, and evil life. 

Miss Informed's picture

Ah, whoever wrote it knew better but was being discreet.

NotBuyingIt's picture

I guess with all the PedoGate heat on, the old cunt couldn't get his hands on more baby's blood or a heart of a 21 year old. Oh well, Buh bye, you luciferian douchebag. Hope Hell is 10 times hotter for you than any other child molester.

adr's picture

Now we just need to snuff out his entire gene pool. Like the Sandy Hook victims who appeared next to him at his vacation home. Considering they are already confirmed dead by the government, nobody would miss them.

ROT IN HELL YOU ZIONIST CHILD MOLESTING, PANCREAS EATING, CANNIBALISTIC, SOUL STEALING, WHORE OF SATAN!!!!!!!!!!

oncemore's picture

Philanthropist?

I say a mass killer.

Jethro's picture

I don't normally celebrate somebody's death, but in his case, I will make an exception.

Barney Fife's picture

Kegs and BBQ at my house , the party is on!!!!

Now the Good Lord is going to stomp on David Rockafeller and let him know just how badly he fucked up. Lake-O'-Fire here you come, you fucking monster. 

Grave dancing party tonight folks! Let's have a shin-dig!!

bardot63's picture

Another banker dead.  Great news! 

ThorAss's picture

The real criminals die (so-called) peacefully in their sleep.

 

LOL123's picture

David Rockerfeller died aged 101, 9 months and twelve days.... But who's counting......

Rich Monk's picture

No mention of this on Yahoo or any of the business channels?

Tired of Bending Over's picture

Because I'm a Catholic, I offered 1 Hail Mary for him.  Beyond that, he's on his own.