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Bill Hewlett joined, I guess, when he was a very small operator. I knew Bill at that time, because we were on a couple of boards together. But he and Dave [David] Packard graduated from MIT and borrowed fifty dollars from their wives and started Hewlett-Packard. AEA invited Bill Hewlett into the group after the company got sizable and Bill had the money to play with. He was in very early, and Carl Hess had spotted him a long time ago.

Now there are some who will come in pretty much automatically. I don't mean they just walk in, but if there's a change in the CEO at General Electric, chances are that the next CEO of General Electric will be a candidate to come into AEA. And when you die, your estate has to surrender your ownership or your participation.

See, there are two ways to participate. You participate by buying into the companies and then you have to acquire a certain amount of stock in AEA. But that automatically goes back into the kitty upon the death.

There are some widows who have wanted to stay in the group, and I think it's going to be problem some day, because I think maybe there are women who will insist that they are equal to their husbands and that the stock should pass to them. But at the moment I think that when the individual dies, AEA gets the stock back.

I don't even know how much I've got. I don't mean that's because I don't pay attention or that I've got so much it doesn't make any difference. But mine is so small that I don't think that I know how many shares I've got. I know I paid a fraction for it for what I could get for it today, if I sold it back to AEA. I can't sell it to you; but I can sell it back to AEA. So that