The Dulles Brothers, Harry Dexter White, Alger Hiss, and the Fate of the Private Pre-War International Banking System
Journal: Japan focus
Year: 2014

The election of Dwight D. Eisenhower in 1952 had permanent consequences for U.S. foreign policy. The U.S. major oil companies, which before the election were facing criminal charges for their cartel arrangements, instead were freed to continue their activities, until “In some of the faraway countries where it did business…. Exxon's sway over local politics and security was greater than that of the United States embassy.” Parallel to this was a radical escalation in 1953 of CIA covert operations.