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Rumor Mill News Reading Room, Current Archive

16 of 16: Dupont Dynasty, Behind the Nylon Curtain....A Dynasty in Waiting

Posted By: oldmaninthedesert
Date: Saturday, 9-Jan-2021 07:27:42
www.rumormill.news/141873

We come to the finale of the Dupront Saga literally in Chapter 18 A Dynasty in Waiting, this chapter terminates in 1984. Interesting switch to financials here by the family. Have a sense of Trump/Dupont connection by the time I got to the finish line,did a search,got something to start with.

A Dynasty in Waiting
.... THE LORD OF DELAWARE MARRIES
There were signs of it coming: in the 1975 deal with National Distillers and Chemicals to jointly produce synthesis gas and carbon monoxide as feedstocks for methanol production; in the ARCO deal to refine oil for petroleum feedstock; in the 1978 deal with CONOCO (Continental Oil Company, hereinafter called Conoco) to jointly explore for oil and natural gas in Texas; in the 1979 deal with Shell Chemicals to obtain one third of DuPont’s ethylene, propylene and butadiene.

But they were signs, not reasons.

The reasons were more subtle and historical. They involved U.S. foreign relations and oil holdings abroad; they involved the DuPont family’s own motives, now beyond concerns merely for the chemical firm; they involved the move of the DuPont fortune into the lucrative energy field, particularly oil and nuclear power; and they involved the family’s new use of the chemical firm as leverage to achieve their financial goals.

It is difficult to assess how many of DuPont’s top management understood this. Life at DuPont is also life in DuPont, with the Wilmington suburbs being an extension of that subculture. If there is questioning, it is either absorbed into the matrix of the organization, defined within its needs, or it is necessarily expelled. The pressure to conform is enormous, especially when it appears benevolent. “It is easy to fight obvious tyranny,” wrote sociologist William Whyte in his 1956 classic, The Organization Man, “it is not easy to fight benevolence, and few things are more calculated to rob the individual of his defenses than the idea that his interests and those of society can be wholly compatible.… Like the good society, the good organization encourages individual expression.… But there always remains some conflict between the individual and The Organization. Is The Organization to be the arbiter? The Organization will look to its own interests, but it will look to the individual’s only as The Organization interprets them.” 31
https://exploringrealhistory.blogspot.com/2020/03/part-16-of-16-dupont-dynasty-behind.html



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AN EXPLANATION OF THE FACTIONS