Friday, July 4, 2014

Carlyle Group’s Latest Acquisition: The JFK Library

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Some things you truly cannot make up. Like this: the museum and archives celebrating and exploring the life (if not really wanting to investigate the death) of John F. Kennedy is getting a facelift—courtesy of….the Carlyle Group.

This development was noted, without much fanfare, in a variety of major media. If there was a smidgen of irony, I missed it.

Yet, consider this: The ultimate globe-girdling corporation is playing a major role in preserving the memory of a president who at the time of his death was engaged in what may be described as mortal combat with outfits not unlike Carlyle—if smaller and less global. (I write about this in my book Family of Secrets but you can learn a lot more about JFK versus the corporations in Donald Gibson’s Battling Wall Street: The Kennedy Presidency.)

Kennedy was locked in grim battle with oil and steel and banking interests, hated by mining giants and soda pop companies, resisting pressures from the burgeoning defense industry, and on and on. The list of the offending and the aggrieved was endless. Executives were taking out ads to excoriate him, and even showing up at the White House to practically spit in his face.

“Those robbing bastards,” JFK told Walter Heller, chairman of the Council of Economic Advisors, when Heller mentioned the oil and gas industry. “I’m going to murder them.”—as cited in Family of Secrets, from audiotape held by John F. Kennedy Library and Museum.

For the rest of the story: http://wealthydebates.com/carlyle-groups-latest-acquisition-jfk-library/

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