W. Clement Stone

Stone and Richard Milhous Nixon

"Arrayed around the President is a small, exclusive fraternity of friends outside the government who are privy to Mr. Nixon's personal life and who exercise an indirect, though vital influence on his official life... Prominent in that elite coterie are Elmer H. Bobst, honorary chairman of the Warner-Lambert Pharmaceutical Co.; Donald M. Kendall, chairman and chief executive officer of PepsiCo Inc.; Hobart D. Lewis, editor-in-chief of Reader's Digest; W. Clement Stone, Chicago insurance magnate; Robert H. Abplanalp, inventor of the aerosol valve; evangelist Billy Graham; Jack Drown, Los Angeles newspaper and magazine distributor; and C.G. (Bebe) Rebozo, Florida realtor and banker... Of all the fat cats in the Republican Party, Stone is the fattest. By his own account, he donated $200,000 to Mr. Nixon's 1968 campaign. However, the total amount he contributed to Mr. Nixon's primary and general election campaign and to other Republican candidates is estimated at more than $1.5 million. An evangelistic advocate of PMA (positive mental attitude) and a believer in the principle of self-motivation, Stone is the consummate salesman who aptly has been called 'an American original.' He is convinved that adversity can be parlayed to one's advantage and he has a fortune of about $400 million to support his theory." (White House Report/ President's inner circle of friends serves as influential 'kitchen cabinet.' By Dom Bonafede. National Journal 1972 Jan. 22).

Stone and George Herbert Walker Bush

"George Bush (whom Nixon chose as national party chair in the midst of the Watergate scandal), invited $100,000 donors back into the business of financing presidential elections and influencing the White House. Several Team 100 members in fact were CREEP donors, including insurance executive W. Clement Stone; ADM Chair Dwayne Andreas; Florida developer Alec Courtelis, who took over Team 100 from Robert Mosbacher in 1989; and Mosbacher... Stone's campaign contributions helped finance Bush's failed Senate campaign in 1970, according to the Washington Post. Bush and Mosbacher, his finance chair even then, received $106,000 from 'Operation Townhouse,' a secret operation run by two Nixon aides who later pleaded guilty to running an illegal campaign fundraising operation. Four checks of $10,000 each came from Stone. 'It has come to my attention that you sent down a fantastically generous contribution to my campaign,' Bush wrote Stone in 1970. 'Thanks ever so much... I really believe we will win and I'm most grateful to you for your help.'" (Bush's Ruling Class - A 1992 Common Cause Magazine Investigation Reveals A Pattern of Special Favors For Former President Bush's Inner Circle of $100,000 Donors.)

"Is It Safe To Smoke"

W. Clement Stone of Chicago made a presentation at the 17th annual awards dinner of Religious Heritage of America. The main speaker was Rev. Dr. Eugene Carson Blake of Geneva, Switzerland, secretary general of the World Council of Churches, and author of the Blake-Pike plan for the merger of all Protestant denominations. Rosel H. Hyde, chairman of the FCC, who inflicted compulsory anti-smoker propaganda on Americans under the ill-named "Fairness Doctrine," was also a presenter. (Dr. Blake to Address Religious Heritage Dinner. Washington Post, Times Herald, Jun. 10, 1967.)

From the Congressional Record, March 27, 1968, Sen. Warren Magnuson, D-WA: "A similar dispute arose early last year on publication of the book, Is It Safe To Smoke by Hawthorne Books Inc., New York. The book concluded that it was "safer" to smoke cigarets having charcoal filters, such as Liggett & Myers Tobacco Co.'s Lark brand. Several industry sources, in fact, say the book amounts almost to a commercial for Lark. Liggett & Myers denies, however, that it subsidized the book. Hawthorne's chairman and president, W. Clement Stone, says, "There are a lot of things that happened with that book that I didn't approve of." He won't elaborate. Hawthorne agreed last April to discontinue sales of the book after the deceptive practices division of the Federal Trade Commission began investigating the advertising."

Magnuson / Congressional Record 1968 / UCSF-Legacy

Aon Corp.

Aon Board of Directors, 1995: Patrick G. Ryan, with whose firm was firm was merged with Combined; Daniel T. Carroll; Franklin A. Cole; Edgar D. Jannotta, of William Blair & Co.; Perry J. Lewis, investment banker with Morgan Lewis Githens & Ahn; Joan D. Manley, Vice President and Director of Time Inc. from 1960 to 1984; Andrew J. McKenna, director of the Ryan Group from 1970 to 1982; longtime McCormick Blair crony Newton Minow, who is also a director of True North Communications which acquired Foote Cone & Belding; attorney Peer Pedersen of Pedersen & Houpt; Donald S. Perkins, an executive of Jewel Companies from 1953 to 1983, and a director of Inland Steel and Time Warner; John W. Rogers Jr. of Ariel Capital Management; George A. Schaefer of Caterpillar Inc.; British attorney Raymond I. Skilling, a former partner of the international law firm Clifford Chance; Fred L. Turner, an executive of McDonald's from 1956 to 1990; and Arnold L. Weber, who was also Chancellor and President of Northwestern University between 1980 and 1994, and a director of Pepsico.

1995 interlocks:

First National Bank of Chicago: McKenna, Ryan

Inland Steel: Perkins, Weber

McDonald's Corp.: McKenna, Turner

Northwestern University: Cole, Minow, Perkins, Ryan

Rush-Presbyterian-St. Luke's Medical Center: Rogers, Ryan

Sara Lee: Manley, Minow

Time Inc. / Time Warner: Manley, Perkins

The Tribune Company: McKenna, Minow, Weber

Aon Corp. 1995 DEF 14A / US Securities & Exchange Commission

Interlocks 2002:

Cardinal Health Inc.: Lester B. Knight (of Baxter Int'l), Richard C. Notebaert (Ameritech executive 1983-99), Richard D. O'Halleran.

Northwestern University: Knight, R. Eden Martin (of Minow's law firm), Ryan

Rush-Presbyterian-St. Luke's Medical Center: Rogers, Ryan

The Tribune Company: McKenna, Ryan

Aon Corp. 2002 DEF 14A / US Securities & Exchange Commission

"Once I sat a row in front of Mr. Stone on a flight to Europe. As the flight attendants were trying to rouse sleepy passengers for an early-morning landing in London, I suddenly heard a loud voice behind me: 'Stand up. Raise your arms. Repeat after me: I feel healthy! I feel happy! I feel terrific!' [The author asserts that he felt better after joining Stone in his daily ritual.]... Combined merged in 1982 with Ryan Insurance, which was renamed Aon Corp. in 1987. Now, Aon is in the process of spinning off Combined, and several other property and casualty divisions, to its shareholders as a stock dividend." (W. Clement Stone to mark his 100th. By Terry Savage, columnist, Chicago Sun Times 2002 May 2. "Savage is a registered investment advisor and is on the board of directors of McDonald's Corp. and Pennzoil-Quaker State Co." Not noted is the fact that another McDonald's director, Andrew J. McKenna, was also a director of Aon since 1970. McDonald's director Arnold L. Weber was also a director of Aon in 1995.)

Savage / Chicago Sun-Times 2002

Stone died Sep. 4, 2002. His obituary in the Chicago Sun Times said that his parents were Louis and Anna Gunn Stone of Chicago. Survivors included his wife, the former Jessie Verna Tarson; a son, Norman; 12 grandchildren and 13 great-grandchildren. (Tycoon, philanthropist W. Clement Stone dies September 4, 2002. By Nancy Moffett, staff reporter, Chicago Sun Times.)

Several longtime directors of Aon retired in 2002, including Raymond I. Skilling. Remaining directors include Edgar Jannotta, Lester B. Knight, Andrew McKenna, and Richard C. Notebaert. New directors include P.J. Kalff, who is on the supervisory board of ABN AMRO Holding NV, a Dutch international banking firm, and who is a member of the international advisory board of the Federal Reserve Bank of New York; J. Michael Losh, who spent 36 years in various capacities at General Motors; and R. Eden Martin, partner of Sidley Austin Brown & Wood (formerly Sidley & Austin).

Aon Corp. 2003 DEF 14A / US Securities & Exchange Commission

"Prevent Child Abuse"

Donna Stone founded "Prevent Child Abuse" (funded by the Doris Duke Charitable Foundation) in 1972. W. Clement Stone and Steven M. Stone, an attorney with Pedersen & Houpt, are on the Board of Directors. Peer Pedersen, chairman of the board of Pedersen & Houpt, was a director of Aon Corp. in 1995.

Prevent Child Abuse

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cast 04-02-06