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Andrew HeiskellAndrew Heiskell
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Session:         Page of 824

be Felix and John O'Heron with myself or Shepley--oh, that was in connection--yes, they were involved in the Inland Container acquisition. And Felix advises Dick Munro now. I've never been quite sure about investment advisors: I always have a feeling that they'd prefer to make a deal than to protect you [laughter].

Q:

What was your feeling about Felix Rohaytn?

Heiskell:

Oh, I was always amused, because he was always so sharp and bright. It was interesting. In the old days, editorially, we used to deal with Morgan because they were sort of the voice from above telling you about the future. Once or twice a year a whole bunch of us would go down and have lunch with whoever was the current God at Morgan. Morgan was not the biggest bank, but it was by far intellectually the most important bank there was. And you'd go down there, come back and say: “Well, we now know what's going--”. I remember one day we went down there, and I'm trying to remember who the--it was just after the war--large gentleman who was the chairman--

Q:

Before Joe Meyer [?]?

Heiskell:

Way back, way back--probably before you were born. And we said: “Mr. So and So, now tell us what is the important thing to think about in economic terms.” There was pause. He looked up and he said: “Energy.” Period. [laughter]. He was right.





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