SARASOTA, FLORIDA EX-CIA AND KGB AGENTS DEBATE FINANCIERS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP91-00901R000500070008-1
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: December 9, 2016
• Document Release Date: November 14, 2000
• Sequence Number: 8
• Publication Date: August 29, 1983
• Content Type: PREL

Approved For Release 200YqA@P A-@AMffM 1,R00
29 August 1983
SARASOTA, FLORIDA
EX-CIA and KGB agents debate financiers
STATINTL
In what may be a first-of-2--kind conference in international investment
circles, famer CIA and KGB intelligence officials will join financial acviS org
next month/"`t0 debate the effects of the Cold War on the world economy.
The conference, entitled INVESTFEST '83, wil be held from Sept. 29 through
Oct. 2 at the Hyatt Sarasota.
Featured speakers include Willa m E. Colby, ex- CIA director, E. Howard
Hunt, ex- CIA agent and Watergate conspirator and Vladimir Sakhorov, ex-KGB
agent and Soviet diplomat.
From the financial community. speakers will include Marshall Loeb, managing
editor of Money Magazine, Donald Rowe, publisher of the Wall Street Digest and
Nicholas Deak, chairman of Deal;-Perera, the world's largest foreign exchange
firm.
Also at the conference will be George Gallup, the nationally known pollster.
Approved For Release 2001/03/06 : CIA-RDP91-00901 R000500070008-1
 AIRT c ed For Releas Yf
05 PAGE 7 August 19
STATINTL
bIA-RDP91-00901 ROOD
Boom Days for Political
Consultants sT^TIN
C.I. .J 1u"r!ni haue`lo.cked to the profession.
-' ble spots, a growing number of busi- ?ish intelligence agent in India and
By PETER H. STONE nesse - including Arco, Bechtel, -Northern Ireland, and Karl Acker-
= Goldman, Sachs and Chase Manhat- man;: a former Director of Intelb-
Americans-and America-hostage.'' meat-officials for assistance in plan- and eteran agents; :such as Mr.
While the human drama grabbed most of the =g and assessing risks to business ! Belms ~-.and Mr. Colby, has raised
headlines, it quickly became clear, that more ventiiies in various .pa.-ts of the questions about conflicts of interest
than political fortunes were mashed in the u worlds It is 911 arrangement clearly and :revolving-door employment _ in
'heaval. The economic wiirfam that ensued..also based-on theaccess to foreign leaders thefntelligence business. It is a prob-
'dealt F. :devasting blow to. marry United States.and tosensitive -and possibly secret lem more commonly associated with
banks and businesses that-had billions-of dollars - information these consultants, ge9e its and lawyers 'who- trade on
invested-there. gained in Gvverument service. theli ;experience in the .military - or
Since Iran, other s abroad from the Oldioreigo policy hands like Henry 1 t:,oveznmentregulatory agencies.
political turmoil in El Salvador to the economic A Kissinger, the former Secretary of "The growing'use of former istelli-
insta.biliry of Brazil - have further shaken the State, and Brent Scawcroft, a retired genceofficiai makes some of us a lit.-
corporate confidence of many American multi- - Force general who was Mr. Kis- tie nervous," acknowledged Gordon
nationals. singer's deputy and later his succes- Rayfield, a risk analyst for the Gen-
"You can't be complacent about investments sot-? as National Security Adviser, era] Motors Corporation 'and past
anvwhenr ," said Robert 0. bung out their shingle as intern- president of the Association of Politi-
Anderson, the chief execu- tional business advisers last year. cal Risk Analysts, an industry group
.five officer of the Atlantic We tell clients who the reliable he h lped form in 1950. "It casts a
Richfield Company. "Mex- people are in each country," said M.:. -shadow on the whole field."
ico is the latest case in Kissinger of his consulting firm, Kiss- Still, demand is booming. "From
point. Two or three years singer. Associates, Inc. whose clients 1977 to'I980, I probably sent about 20
ago it looked like a sure include about 20 multinational corpo- retiring C.I.A. analyst to political
financial success, but now rations. "Companies have asked our risk ix>msulting firms," said a former
it's just the opposite." advice on the Middle East, Europe ouuplacement officer for the C.I.A.
Arco, Mr. Anderson said, and Central America." "Weiiad operations officers, too, who
"sustained some rater ITE Mr. Kissinger's recent had backgrounds that were transfer-
subsLantial losses in Iran." appointment as the head of a table to the private sector."
Enter the Political risk bipartisan commission on Although the experience of former
consultant. To help prevent United States policies it Central C.I.A.. agents and the world of risk
similar losses in other trou- America, be has taken asix-mont:7 cansul>ig mesh well, there could be a
leave from the firm to avoid the ap- catch: The C.I.A. requires tormer
pearance of a conflict of interest. Sev- employees to abide by a secrecy oath.
eral of Mr. Kissinger's clients, such Under terms of this agreement,
as Merck, Chase Manhattan and each C.1-k. employee is required to
Arco, have operations and invest- submit for review all written materi-
mentsin Latin America. air which "bear on knowledge ob-
This relatively new and potentially tamed while an employee worked at
lucrative profession is also crowded the C.I.A.," said Dale Peterson, press
with intelligence community alumni. spokesman of the agency. In recent
Two former directors, of the Central years; .the C.I.A. has looked vigor-
Intelligence Agency, William E. ously at books being written by for-
Colby and Richard Helms, are ac- ter intelligence agents.
tively.involved in the fledging field. But-Mr. Peterson is not aware that
Ray S. Cline, an ex-station chief for any :farmer employee now writing
the C.I.A. in Taiwan and-the agency's risk ~reports submitted them for re-
former Deputy Director of Intel- view.before presenting them to a pri-
gence, is now a risk consultant for vale employer. "I don't know bow we
about six multinational companies. can monitor this kind of activity,"
And.'a leading British firm, Control noted-Nit. Peterson. Richard Helms
Risks,-.opened a United States office said:." "That's something for the
in Bethesda, Md., in i 2 under the di- Agency to decide," when asked
rection of Peter Goss, a former Bnt- whether be was bound by.oath to sub-
mit reports for prior approval
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