In May 1977, Morgan Grenfell nearly pulled off the supreme trick of...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
In May 1977, Morgan Grenfell nearly pulled off the supreme trick of Middle East politics: Egypt announced a joint venture with Ford to assemble trucks and diesel engines; Egypt’s approval was contingent on Ford’s securing the removal of its name from the pan-Arab blacklist. Egypt was to contribute 40 percent of the capital, and Ford Motor 30 percent, with the remaining 30 percent parceled out to the Arab friends Morgan Grenfell had rounded up.
chapter: 30. Sheiks