Saturday, November 6, 2010

Who Rules The Chapin School?--The Goldman Sachs & JP Morgan Chase Connection

Coincidentally, The Chapin School's board of trustees has included both a trustee of the Goldman Sachs corporate foundation and a corporate lawyer who represents JP Morgan Chase, in recent years.

The Simpson Thacher corporate law firm's site, for example, includes the following reference to a member of The Chapin School board of trustees named Jeremiah L. Thomas III:

"Jerry Thomas is Of Counsel in the Firm's Corporate Department. Mr. Thomas concentrates on general corporate, securities and banking law matters. He is also in charge of managing the relationship with some of the Firm's most important clients.

"Mr. Thomas represents J.P. Morgan Chase on a regular basis in its corporate activities and as issuer's counsel for its securities issuances. He also represents J.P. Morgan Securities Inc. and other major underwriters as underwriters' counsel in connection with public offerings and Rule 144A/Reg S offerings of debt and equity securities. He has also represented Phillips Petroleum Company and Chevron Phillips Chemical Company in their capital markets financing activities.

"Mr. Thomas joined Simpson Thacher in 1972 and became a partner in 1980. He is a long-time member of the Firm's Executive Committee and was one of the Firm's Administrative Partners from 1992 to 1995. Mr. Thomas has served as Legal Counsel to The Metropolitan Golf Association since 1983. He is a Trustee of The Chapin School in New York City..."

Another member of The Chapin School's board of trustees, Stuart Rothenberg, is a a former managing director of Goldman Sachs who has also sat on the board of trustees of the Goldman Sachs Foundation in recent years.

The Chapin School's board of trustees also includes Greenhill & Co. CEO & board member Scott L. Bok (who also sits on the Iridium Communications corporate board), Clayton Dubilier & Rice chairman and Williams College Trustee Emeritus Joseph L. Rice (who also is on the boards of Rexel, Uniroyal Holding and the right-wing Manhattan Institute), Dillard's Inc. and Takihyo LLC board member Frank R. Mori and the great-granddaughter of former American Surgar Refining President Henry Osborne Havemeyer, Metropolitan Museum of Art Special Counsel to The Board of Trustees Lindaen Havemeyer Wise.

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