Previous | Next
585586587588589590591592593594595596597598599600601602603604605606607608609610611612613614615616617618619620621622623624625626627 of 755
I'm guessing, but I'd say ten years ago. But time is moving so rapidly, it could've
been earlier. You join by invitation. Most of the members of the group are known to each
other through other associations. I don't know what the figures are, but I would guess that
well over half of the group come out of the Business Council.
There's not a lot more I can tell you about it. There is no list of the members. This book is
the first time that that has been exposed.
But the book is not really available, is it? Or is it available to the public? Is it in
Oh, no! No, it's very closely held. The group meets once a year. There's no guest
list for the dinner. Everybody just assumes that if there's a new face there, that that person
qualified or was invited during the course of the year. I'm sure it's set forth in the book. I've
forgotten, because I read the book in manuscript. But you commit yourself for a call on a
certain amount of money, and if they call you've got to come through.
There's no--unless there's some competing problem--if the investment is made in something
where there might be a conflict, then the executive committee will allow you to step out of
that particular call. But once the call is made, the money is automatically transferred to that
particular purchase; so if you say I'm going to put in $5 million, you might get a call for
© 2006 Columbia University
Libraries | Oral History
Research Office | Rights and
Permissions | Help