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David Rockefeller Sr., steward of family fortune, dies at 101

NEW YORK — David Rockefeller Sr., the heir to a vast and storied family fortune who, as president, chairman and chief executive of Chase Manhattan Bank, transformed a listless business into one of the world’s largest financial institutions, died Monday at his home in Pocantico Hills, N.Y. He was 101. A spokesman, Fraser Seitel, said the cause was congestive heart failure. Mr. Rockefeller was the last surviving grandchild of oil baron John D. Rockefeller, who became one of the richest men in the world by the time he died in 1937. In 1979, he used his contacts at the highest levels of government to bring the ailing and deposed Shah of Iran to the United States for medical treatment. In 1998, President Bill Clinton awarded Mr. Rockefeller the Presidential Medal of Freedom, the nation’s highest civilian honor, for co-founding the International Executive Service Corps, a volunteer organization that since 1964 has sent American business executives to developing countries to provide management expertise.

Article by By Timothy R. Smith (c) Page One News - Read full story here.