LETTER TO CECILIA M. MURPHY FROM HERBERT E. HETU

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP05T00644R000401140049-2
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 10
• Document Creation Date: December 22, 2016
• Document Release Date: June 18, 2009
• Sequence Number: 49
• Publication Date: February 20, 1980
• Content Type: LETTER

DCI SCHEDULING ITEM
DATE OF EVENT:Between afternoon of
DATE RECEIVED:,
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1.
INFORMATION REGARDING THE APPOINTMENT:
SUSPENSE: 22 February 1980
Tel: [phone] Ltr Fm: Cecilia M. Murphy
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2. SCHEDULE:
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Schedule Rem
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20 February 1980
Ms. Cecilia M. Murphy
Programming Manager
Institutional Investor Institute
488 Madison Avenue
New York, New York 10022
Dear Ms. Murphy:
Admiral Turner has asked me to thank you for your letter of
February 4th, and for your invitation for him to be the principal
speaker at the Institutional Investor Institute's Tenth Annual
Washington Roundtable in April. Unfortunately, the Admiral's
schedule is so full into the foreseeable future that it is
impossible to take on any additional commitments.
He appreciates your thinking of him, however, and wishes you
all the best for a successful Roundtable.
Si ncerely,
Herbert E. Hetu
Director of Public Affairs
D/PA/HEHetu/kgt/7676/20 Feb. 1980
Distribution:
g - Addressee
z 0/ DC
1 - 0/DCj
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I
4 February 1980
The Honorable Stansfield Turner
Director
Central Intelligence Agency
Washington, D.C. 20505
You are cordially invited to be a principal speaker at the
Institutional Investor Institute's Tenth Annual Washington
Roundtable. The meeting will take place at the Madison Hotel
from late afternoon on April 29 through dinner on April 30.
We hope that you will speak at any time convenient for you during
the day and a half meeting, for some 30-45 minute period. Your
appearance could include opening remarks or none, if you prefer
to simply react to questions from the floor. National security
is, of course, an issue of great importance to this group. As
a key architect of our intelligence strategy, you are someone
our members would espcially like to hear.
The name Institutional Investor may be familiar to you. We run
a number of public and private meetings for investment professionals.
The Roundtable is a private gathering of a select group of leaders
of the financial community who are members of the Institute. This
group has had the honor of welcoming other prominent government
officials to the podium over the years; the attached background
memorandum lists some of these distinguished speakers.
Previous speakers at this Roundtable have found this a particularly
important and valuable meeting to address. The audience, senior
delegates to the Institute, are the chief investment officers of
the major investing institutions around the country who manage
about $200 billion in investment assets among them. This well-
informed and influential group obviously has a vested interest
in learning and understanding your points of view. Moreover,
because this meeting is held in Washington and is run quite informally,
the demands on you as a speaker would be quite limited.
To help you evaluate this proposal, we have enclosed a special back-
ground memorandum on the Institute and this meeting, along with a
Institutional Investor Institute 488 Madison Avenue NewYork NewYork10022 212.832.8888
J
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The Honorable Stansfield Turner
4 February 1980
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I look forward to calling your office soon to learn your
thinking and to answer any questions you may have.
Sincerely,
Cecilia M. Murphy
Programming Manager
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Special Background Memorandum.
For
The Honorable Stansfield Turner
On The
Tenth Annual Washington Roundtable
Of' The
Institutional Investor Institute
The Madison Hotel, Washington, D.C.
April 29-30, 1980
The Institutional Investor Institute is devoted to the advanced
study of the investment business and of the political and
economic environment within which. it operates. It is not a
trade association or lobbying group. The Institute has brought
together the most important members-of the investment management
community: chief executive, investment or financial officers of
the leading banks, insurance companies, mutual funds, corporate
pension funds, investment counseling firms and brokerage houses.
The current members manage assets totaling $200 billion.
Rationale for the Roundtable
An important premise of the Institute is that there is a need for
increased dialogue between the government and the leaders of the
investment community. The Roundtable provides those leaders with
an exceptional opportunity to make their views known to this in-
fluential group from communities all over the U.S. and financial
centers in Europe.
Each speaker is asked to be on for 30-45 minutes. Discussion is
informal: the speaker can make introductory remarks or simply
call for questions as he or she chooses. Thus, the meeting need
take no more time than the period actually spent on stage. The
press is not normally-invited to attend, so that remarks are off-
the-record. A summary is distributed confidentially to all absent
members, however, so that the speaker's thinking reaches our en-
tire membership. If a speaker prefers, his or her remarks can
be on-the-record and the press invited to that particular session.
Institutional Investor Institute 488 Madison Avenue NewYork NewYork 10022 212.832.8888
J
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Speakers at Previous Roundtables
The Institute has been fortunate in attracting outstanding men and
women as speakers at its meetings. A few of them are: (titles are
as of when they spoke)
James
R.
Schlesinger (1979)
Henry
A.
Kissinger (1977)
Henry
M.
Jackson, Chairman, Senate Energy and Natural Resources
Committee (1979)
Charles L. Schultze, Chairman, Council of Economic Advisers (1978)
Russell B. Long, Chairman, Senate Finance Committee (1977)
Anthony M. Solomon, Under Secretary, Monetary Affairs, Department
of the Treasury (1977)
William Nordhaus, Member, Council of Economic Advisers (1977)
Ray Marshall, Secretary, Department of Labor (1977, 1978)
Barbara Jordan, United States House of Representatives (1977)
John F. O'Leary, Deputy Secretary, Department of Energy (1977, 1979)
Bert Lance, Director, Office of Management and Budget (1977)
Al Ullman, Chairman, House Ways and Means Committee (1977, 1978, 1979)
Nelson A. Rockefeller, Vice President, United States of America (1975)
Frank Zarb, Administrator, Federal Energy Administration (1975)
Brock Adams, Chairman, House Budget Committee, United States House of
Representatives (1975, 1976)
Milton Friedman, Professor of Economics, University of Chicago (1975)
Wassily Leontief, Professor of Economics, New York University (1975)
Dick Netzer, Dean, Graduate School of Public Administration, New
York University (1975)
Daniel Bell, Professor of Sociology, Harvard University (1975)
Joseph J. Sisco, Under Secretary of State for Political Affairs,
United States Department of State (1974)
Dr. Kurt A. Richebacher, Executive Manager, Dresdner Bank AG,
Frankfurt, West Germany (1974, 1978)
Edward DeBono, Professor, Cambridge University, Cambridge, England
(1974)
Herbert Stein, Chairman, Council of Economic Advisers (1974)
J. William Fulbright, United States Senate (1973)
Elliot L. Richardson, Secretary, Department of Health, Education and
Welfare (1972)
Alan Greenspan, President and Chairman, Townsend-Greenspan & Co.,
Inc. (1972)
Paul W. McCracken, Chairman, Council of Economic Advisers (1971)
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Partial List of
Members and Senior Delegates
INSTITUTIONAL INVESTOR INSTITUTE
As of January 17, 1980
AETNA LIFE & CASUALTY
Hartford, Connecticut
DONALD G. CONRAD
Executive Vice President
GEORGE D. BJURMAN & ASSOCIATES
Los Angeles, California
GEORGE A. BJURMAN
President
AID ASSOCIATION FOR LUTHERANS
Appleton, Wisconsin
JOHN H. PENDER
Senior Investment Vice
President
ALLIANCE CAPITAL MANAGEMENT
CORPORATION
New York,:, New York
DAVE H. WILLIAMS
Chairman
ATLANTA CAPITAL MANAGEMENT
COMPANY
Atlanta, Georgia
FREDERICK L. MULLER
President
BACHE HALSEY STUART SHIELDS
INCORPORATED
New York, New York
LOUIS AUER
Executive Vice President
BANKERS TRUST COMPANY
New York, New York
H. KENT ATKINS
Senior Vice President
THE BANK OF NEW YORK
New York, New York
CHARLES L. BOOTH, JR.
Executive Vice President
BAYERSICHE VEREINSBANK
Munich, West Germany
RUDOLF BAUR
Deputy Member of the Board
of Management
BEA ASSOCIATES, INC.
New York, New York
ALBERT ZESIGER
President
CAPITAL GUARDIAN TRUST COMPANY
Los Angeles, California
ROBERT G. KIRBY
Chairman
CHASE INVESTORS MANAGEMENT
CORPORATION OF NEW YORK
New York, New York
ERWIN A. ZEUSCHNER
Senior Vice President
CHEMICAL BANK
New York, New York
KENNETH S. ROLLAND
Senior Vice President
CITIBANK, N.A.
New York, New York
PETER H. VERMILYE
Senior Vice President
COMMERZBANK A.G.
Frankfurt, West Germany
WOLFGANG OTTO
Executive Vice President
COMMONWEALTH EDISON COMPANY
Chicago, Illinois
ERNEST M. ROTH
Manager of Investments
THE CONNECTICUT BANK &
TRUST COMPANY
Hartford, Connecticut
ROBERT H. HURWIT
Senior Vice President
CONTINENTAL ILLINOIS NATIONAL
BANK & TRUST COMPANY
Chicago, Illinois
PHILIP J. DAMBACH
Senior Vice President
Institutional Investor Institute
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CREDIT COMMERCIAL DE FRANCE
Paris, France
RENE DE LA SERRE
Senior Vice President
CREDIT SUISSE
Zurich, Switzerland
WILLIAM WIRTH
Deputy General Manager
CROCKER INVESTMENT MANAGEMENT
CORPORATION
San Francisco, California
ROBERT G. WADE, JR.
President
DELAWARE MANAGEMENT COMPANY
Philadelphia, Pennsylvania
JOHN H. DURHAM
Executive Vice President
DREXEL BURNHAM LAMBERT INC.
New York, New York
JAMES BALOG
Senior Vice President
EBERSTADT ASSET MANAGEMENT, INC.
New York, New York
JOHN A. HILL
Chief Executive Officer
LIONEL D. EDIE & CO., INC.
New York, New York
WALTER R. GOOD
Executive Vice President
THE EQUITABLE LIFE ASSURANCE
SOCIETY OF THE UNITED STATES
New York, New York
DONALD R. KURTZ
Senior Vice President
FIRST NATIONAL BANK OF BOSTON
Boston, Massachusetts
EDWARD G. RILEY
First Vice President
FIRST NATIONAL BANK OF CHICAGO
Chicago, Illinois
GARY P. BRINSON
Chief Investment Officer-Trust
THE FIRST NATIONAL BANK OF
DENVER
Denver, Colorado
PETER CARMAN
Senior Vice President & Trust
Officer
FIRST NATIONAL BANK OF
MINNEAPOLIS
Minneapolis, Minnesota
DENNIS E. EVANS
Senior Vice President
FIRST PENNSYLVANIA BANK, N.A.
Philadelphia, Pennsylvania
H. JERRY WOLF
Senior Vice President
FMR INVESTMENT MANAGEMENT
SERVICE, INC.
Boston, Massachusetts
ARNOLD J. MIDWOOD
Vice President
FORSTMANN-LEFF ASSOCIATES
New York, New York
JOEL B. LEFF
Partner
GARDNER & PRESTON MOSS, INC.
Boston, Massachusetts
ROBERT F. BIRCH
President
GEICO CORPORATION
Washington, D.C.
LOUIS A. SIMPSON
Senior Vice President
GOLDMAN, SACHS & CO.
New York, New York
EUGENE C. MERCY, JR.
Partner
JOHN HANCOCK MUTUAL LIFE
INSURANCE COMPANY
Boston, Massachusetts
JAMES R. HOCKING
Senior Vice President
Institutional Investor Institute
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HARRIS TRUST & SAVINGS BANK
Chicago, Illinois
WILLIAM S. GRAY
Senior Vice President
MARINE MIDLAND BANK
New York, New York
RICHARD W. FOSS
Executive Vice President
E. F. HUTTON & CO., INC.
New York, New York
DANIEL R. MURPHY
Senior Vice President
INVESTORS DIVERSIFIED SERVICES
INC.
Minneapolis, Minnesota
WILLIAM H. DUDLEY
Senior Vice President
INTERNATIONAL BUSINESS MACHINES
CORPORATION
Armonk, New York
LEE C. GARCIA
Director of Equity Investments
KEMPER FINANCIAL SERVICES
Chicago, Illinois
RICHARD J. DOYLE
Senior Vice President
LINCOLN NATIONAL INVESTMENT
MANAGEMENT CO.
Chicago, Illinois
HERBERT F. HORWICH
President
LOMBARD, ODIER & CIE
Geneva, Switzerland
BERNARD NOETZLIN
Partner in Charge of Research
LOOMIS, SAYLES & COMPANY
Boston, Massachusetts
ROBERT L. KEMP
President
MANUFACTURERS HANOVER TRUST
COMPANY
New York, New York
VICTOR J. MELONE
Senior Vice President
MCCOWAN ASSOCIATES
New York, New York
BRUCE J. MCCOWAN
Chairman
NATIONAL BANK OF DETROIT
Detroit, Michigan
JONATHAN T. WALTON
Executive Vice President
NATIONAL INVESTMENT SERVICES
OF AMERICA, INC.
Milwaukee, Wisconsin
WILLIAM R. JOHNSON
President
THE NORTHERN TRUST COMPANY
Chicago, Illinois
JAMES N. VON GERMETEN
Senior Vice President - Trust
Investments
NORTHWESTERN NATIONAL BANK OF
MINNEAPOLIS
Minneapolis, Minnesota
PETER A. HEEGAARD
Senior Vice President
PAINE WEBBER MITCHELL HUTCHINS
INC.
New York, New York
MICHAEL J. JOHNSTON
President
PHILADELPHIA SAVING FUND SOCIETY
Philadelphia, Pennsylvania
CHARLES S. ROCKEY, JR.
Senior Vice President
PIERSON, HELDRING & PIERSON N.V.
Amsterdam, The Netherlands
HANS MUNTINGA
General Manager
Institutional Investor Institute
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T. ROWE PRICE ASSOCIATES,
INC.
Baltimore, Maryland
CARTER 0. HOFFMAN
Vice President & Director
SCHRODER, MUNCHMEYER, HENGST
& CO., BANK
Frankfurt, West Germany
JOCHEN NEYNABER
General Manager
PROVIDENT NATIONAL BANK
Philadelphia, Pennsylvania
J. RICHARD BOYLAN
Executive Vice President
THE PRUDENTIAL INSURANCE
COMPANY
Newark, New Jersey
EDWARD D. ZINBARG
Senior Vice President-Common
Stock Division
THE PUTNAM COMPANIES, INC.
Boston, Massachusetts
ROBERT E. RILEY
President
RELIANCE INSURANCE COMPANY
Philadelphia, Pennsylvania
ROBERT M. SMITH
Senior Vice President
RHODE ISLAND HOSPITAL TRUST
NATIONAL BANK
Providence, Rhode Island
KENNETH L. HOLMES
Senior Vice President &
Group Executive
ROSENBERG CAPITAL MANAGEMENT
San Francisco, California
CLAUDE N. ROSENBERG, JR.
Senior Partner
THE ST. PAUL COMPANIES, INC.
St. Paul, Minnesota
DOUGLAS W. LEATHERDALE
Vice President-Investments
FAYEZ SAROFIM & COMPANY
Houston, Texas
DANIEL A. BREEN
Executive Vice President
SCUDDER, STEVENS & CLARK
New York, New York
GEORGE S. JOHNSTON
President
SEARS INVESTMENT MANAGEMENT CO.
Chicago, Illinois
DAVID V. DOOTSON
President
SHEARSON LOEB RHOADES INC.
New York, New York
DWIGHT F. FAULKNER
Vice Chairman of the Board
STATE STREET BANK & TRUST CO.
Boston, Massachusetts
DON G. POWELL
Executive Vice President
TRI-CONTINENTAL CORPORATION
New York, New York
FRED E. BROWN
Chairman and President
U.S. TRUST COMPANY OF NEW YORK
New York, New York
MARSHALL H. SCHWARZ
Executive Vice President
VICKERS, DA COSTA & COMPANY
London, England
J. NEILL MCCANCE
Partner
WADDELL & REED, INC.
Kansas City, Missouri
BENJAMIN C. KORSCHOT
President
WERTHEIM ASSET MANAGEMENT SERVICES
New York, New York
NICHOLAS A. MARSHALL
President & Chief Executive
Officer
Institutional Investor Institute
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