Study of the Hegemony of Parasitism - michaeljgoodnight.com

Oil and Kaiser, firms in which he had large investments.
McCone went on to become Under Secretary of the Air
Force 1950-51, Chairman of the Atomic Energy
Commission 1958-60, and Director of the Central
Intelligence Agency 1961-65, resulting in a close
connection between Bechtel and the CIA. While McCone
served as chairman of the Atomic Energy Commission,
Bechtel became the largest contractor of nuclear plants
in the world. Bechtel completed the world's first nuclear
plant at Ara, Idaho in 1951. McCone later became a
director of Pacific Mutual Life, Standard Oil of California,
and ITT.
The Bechtels were now counted among the most
influential wheeler-dealers in Washington. Stephen Sr.
and Jr. and John McCone were key members of the
small group of millionaires who regularly played golf with
President Eisenhower and Arthur Godfrey at the mecca
of all lobbyists, Washington's Burning Tree Country Club.
When George Pratt Shultz became a Washington official,
he regularly played golf with Stephen Bechtel Jr. at
Burning Tree, which led to his being named president of
Bechtel Group.
BECHTEL CONNECTIONS
The Bechtels had come a long way from the anxious
days of 1931, when a small sand and gravel contractor
was asked to put up $8 million working capital for the
Boulder Dam job. They did manage to come up with $5
million, financed by the Schroder-Rockefeller group.