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Spy CapitalismITEK and the CIA$
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Jonathan E. Lewis

Print publication date: 2002

Print ISBN-13: 9780300091922

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300091922.001.0001

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Into the Black

Into the Black

Chapter:
(p.79) 6 Into the Black
Source:
Spy Capitalism
Author(s):

Jonathan E. Lewis

Publisher:
Yale University Press
DOI:10.12987/yale/9780300091922.003.0006

This chapter talks about the Rockefeller Report, as it quickly became known, which made headlines across America. In the view of the authors of the Rockefeller Report, the Pentagon's management track record failed on all counts. The report offered a way to reform the Pentagon, strengthen America's defenses, and as a result, achieve nothing less than the preservation, if not the expansion, of the free world. Rockefeller and his associates invested more than $550,000 in Itek by purchasing both stock and convertible bonds in the company. Itek had broken into the black, turning a small profit. Meanwhile, Walkowicz had even more astounding news to report that Itek was on the verge of making its first acquisition. Even though Itek had just been selected to produce the backup camera for Project Corona, Leghorn and Walkowicz probably had bigger ideas.

Keywords:   Rockefeller Report, Pentagon, Itek, stock, camera, convertible bonds

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