| |
History of Corporate Funding of Conservative Think Tanks |
 |
Corporate funding for right-wing policy work has its roots in the 1970s, when leading conservative thinkers appealed to corporations to fund intellectuals who supported their economic interests. Irving Kristol, in his 1978 book "Two Cheers for Capitalism", argued that corporations should make "philantrophic contributions to scholars and institutions who are likely to advocate preservation of a strong private sector.". At the same time think tank entrepreneurs like Ed Feulner of Heritage and Edward Crane of CATO moved to cultivate corporate allies. At most conservative think tanks, corporate leaders now make up the overwhelming majority of board members.
|
|
Citicorp/Citibank
American holding company (formerly (1967-74) First National City Corporation),
incorporated in 1967, with the City Bank of New York, National Association (a bank tracing to 1812), as its principal subsidiary. The latter's name changed successively to First National City Bank in 1968 and to Citibank, N.A. (i.e., National Association), in 1976. Citicorp was the holding company's popular and trade name from its inception but became the legal name only in 1974. Headquarters are in New York City.
|
|
|
