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The Powell Memo: Remembering the Moment Our CEOs Dug In

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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-13-11 02:37 PM
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The Powell Memo: Remembering the Moment Our CEOs Dug In
http://toomuchonline.org/remembering-the-powell-memo/

A landmark historical anniversary passed by almost totally unnoticed last week. No front-page retrospective in a major daily newspaper. No ceremony in the White House Rose Garden. Not even a new postage stamp.

A postage stamp, to be sure, might have been a bit of a stretch. You can’t, after all, put a memo on a postage stamp. Not even a memo that helped change, 40 years ago this month, the course of modern U.S. history.

The writer of this memorable memo, Richmond attorney Lewis Powell, would later go on to national prominence as a U.S. Supreme Court justice. But Lewis Powell, back in August 1971, had no national general public presence.

Powell did have widespread respect within elite corporate circles. A former American Bar Association president, he served on top corporate boards — and had friends in pivotal places, like Eugene Sydnor, a mover and shaker at the U.S. Chamber of Commerce.

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