Home
Search transcripts:    Advanced Search
Notable New     Yorkers
Select     Notable New Yorker

Andrew HeiskellAndrew Heiskell
Photo Gallery
Transcript

Session:         Page of 824

out and around. So that I guess by 1980, the Temple holdings would have been, oh, below 10%.

Q:

But what about the foundation?

Heiskell:

The Luce Foundation?

Q:

Yes.

Heiskell:

Well, the Luce Foundation at the beginning held the bulk of Harry's estate. But they too had to sell, because by law you simply can't have that much of your foundation holdings in the stock of the--

Q:

Of one company?

Heiskell:

Of the sort of parent company.

Q:

I see.

Heiskell:

Because that's a devise that some people have used to perpetuate their control. And the law says you can't do it. The law says you can't even be in the same building, I think.

Q:

Did the Luce Foundation ever--with its stock holdings--ever assert any--





© 2006 Columbia University Libraries | Oral History Research Office | Rights and Permissions | Help