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BARON LEON LAMBERT - MEMORIAL SERVICE

Thursday, June 25, 1987

4PM - St. Thomas Church - 1 West 53 St.

WE GO THROUGH LIFE EACH WITH OUR OWN HUMAN SUPPORT
SYSTEMS; IT WAS CHARACTERISTIC OF LEON THAT FOR US HERE
HIS UNASSUMING, CARING, CHEERFUL AND GENTLE FRIENDSHIP
SEEMED SO NATURAL A PART OF OUR ENVIRONMENT THAT IT NEVER
OCCURRED TO US HOW IT MIGHT BE OTHERWISE.

I MET LEON LAMBERT AT A DINNER SHORTLY AFTER I LEFT
GOVERNMENT SERVICE. THE HOST HAD NOT TOLD ME ANYTHING
ABOUT HIM. HE CHATTED IN AN URBANE, CIVILIZED MANNER WHICH
FORETOLD NOTHING OF OUR LATER FRIENDSHIP. AS IT TURNED OUT,
WE CAME TO SERVE TOGETHER ON A NUMBER OF COMMITTEES DEDICATED
TO STRENGTHENING THE RELATIONS AMONG THE INDUSTRIAL DEMOCRACIES,
LIKE THE BILDERBERG GROUP AND THE TRILATERAL COMMISSION. IT
WAS OBVIOUS THAT LEON WAS DEEPLY DEDICATED TO THE FUTURE OF
FREE PEOPLES. HE SHOWED HIS CONCERN NOT WITH RHETORICAL
FLOURISHES BUT WITH UNOBTRUSIVE DEDICATION WITH WHICH HE
DEVOTED HIMSELF TO EVERY TASK. HE NEVER MISSED A MEETING;
HE WAS ALWAYS PREPARED; HE FREQUENTLY CAME FORWARD WITH
HELPFUL PROPOSALS; ONE COULD ALWAYS COUNT ON HIM TO DO WHAT
WAS POSSIBLE. AS TIME WENT ON I MADE IT A HABIT TO SEEK HIS
VIEWS BEFORE THE FORMAL MEETINGS BECAUSE HE ALWAYS GAVE A WISE
EUROPEAN PERSPECTIVE TO MY MORE IMPETUOUS APPROACH.

WE ALSO SERVED TOGETHER ON A NUMBER OF CORPORATE ADVISORY
BOARDS. THERE TOO HIS METICULOUS CONCERN SET A STANDARD FOR
THE REST OF US. HIS TASK WAS USUALLY TO REPORT ON TRENDS IN

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THE EUROPEAN COMMUNITY OR IN BELGIUM - MATTERS WHICH HE KNEW BY HEART. STILL HE ALWAYS CAME ARMED WITH A CAREFUL WRITTEN DOCUMENT WHICH I FOUND SO INSIGHTFUL THAT I ASKED FOR COPIES SO THAT I COULD STUDY THEM LATER AT LEISURE.

CHARACTERISTICALLY HE WOULD JOKE THAT IT WAS ONLY TO ESTABLISH AN ALIBI TO ABSENT MYSELF FROM HIS ACTUAL PRESENTATIONS.

HE HAD A DELICATE WAY OF PUTTING ACROSS HIS POINT. ON ONE OCCASION WHILE I ENGAGED IN A RATHER COMPLEX EXTRAPOLATION OF MIDDLE EAST TRENDS, LEON'S FRIENDLY NON-COMMITMENT HINTED AT HIS LACK OF AGREEMENT. A FEW WEEKS LATER HE SENT ME A DETAILED STATISTICAL ANALYSIS WHICH PROVED THAT MY PREDICTION SHOWED NO SIGN OF COMING TRUE. BUT HE NEVER CAME BACK TO THE SUBJECT.

LEON HAD A GREAT SENSE OF PLACE. HE WORKED WITH GREAT DEDICATION -- THOUGH HE DID NOT NEED TO. HE IMPROVED WHAT HE TOUCHED BECAUSE HE ONLY DEVOTED HIMSELF TO PROJECTS THAT MATTERED. HIS STANDARD AND HIS CONDUCT CAN BEST BE DESCRIBED AS IMPECCABLE.

IT IS, HOWEVER, AS A FRIEND THAT I WILL MOST REMEMBER HIM. IT IS NOT POSSIBLE TO RECOUNT THE MANY KINDNESSES HE VOLUNTEERED ON MY VISITS TO EUROPE, ESPECIALLY IN BRUSSELS; THE MARVELOUS HOSPITALITY HE EXTENDED TO SO MANY GROUPS TO WHOM HE MADE HIS FACILITIES AVAILABLE; THE CIVILIZED EVENINGS WE SPENT ON THIS SIDE OF THE ATLANTIC. ON ONE OCCASION HE INVITED ME TO LUNCH WITH THE ADMONITION THAT IT MIGHT BE

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APPROPRIATE TO BE ON TIME. IT WAS ONLY WHEN I FOR ONCE
FOLLOWED HIS INJUNCTION THAT I DISCOVERED THE OTHER GUEST
TO BE THE KING OF BELGIUM.

HE TOOK GREAT PRIDE IN HIS BANK AND THE EXTRAORDINARY
ART COLLECTION HE HAD ASSEMBLED THERE. THIS IS WHY THE LAST
PHASE OF HIS BUSINESS CAREER WAS SO PAINFUL. AT ONE OF OUR
ADVISORY BOARD MEETINGS IN MARCH HE INFORMED ME THAT HE WOULD
LEAVE THE BANK THAT BORE HIS NAME AND THAT HE WOULD DISPOSE OF
HIS ART COLLECTION. HE GAVE ME FURTHER DETAILS BUT SUGGESTED
THAT PERHAPS HE AND I MIGHT DO SOMETHING TOGETHER.

I HAD ALWAYS CONSIDERED LEON'S BUSINESS ACTIVITIES IN A
SPHERE FAR BEYOND MINE, BUT MY WIFE, NANCY, WHO LIKED LEON
ENORMOUSLY, POINTED OUT THAT LEON HAD PAID ME A GREAT COMPLIMENT.

WE MET AGAIN AT A BILDERBERG CONFERENCE AT THE END OF
APRIL. WE AGREED TO TALK FURTHER ON THE OCCASION OF AN
ADVISORY BOARD MEETING TWO WEEKS HENCE IN MADRID.

WHEN I LEARNED THAT LEON HAD HAD TO CANCEL THAT MEETING
BECAUSE OF ILLNESS, I THOUGHT NOTHING OF IT, FOR I HAD COME TO
THINK OF LEON AS AN INDESTRUCTIBLE AND PERMANENT FEATURE OF
MY LIFE.

A FEW WEEKS LATER HE WAS GONE.

AND FOR ALL OF US WHOSE LIVES HE TOUCHED, THE WORLD WILL
BE EMPTIER AND SADDER WITHOUT HIM.

Drexel Burnham Lambert

JUL 14 1987

James Balog
Vice Chairman

July 10, 1987

The Honorable Henry A. Kissinger
Kissinger Associates
350 Park Avenue
26th Floor
New York, New York 10022

Dear Dr. Kissinger:

First, I would like to extend my gratitude to you and Mrs. Kissinger for your gracious participation in the services for Baron Lambert. Your remarks were very touching and, diplomatically, touched on the difficult recent years of Leon's business life. I trust that our conversation at the reception afterwards gave you some insight into what had been going on over the last few years.

Secondly, I enjoyed enormously our discussions at the reception. Your insights on current affairs and the clarity of your thoughts on past policy amply demonstrated why United States' foreign policy moved with such sureness and success under your leadership. How much our policy now needs such vision and skill!

During our conversation, I apparently did not (according to my wife and helpmate!) accurately recount the words of Deng Xiaoping used during the meeting in which I participated in early November 1986. When he was commenting on our concern about the fate of investments in China, "When I die," he said, "It does not matter whether one man lives nor not; what matters is whether the policies are right or not. Our policies are right and anyone who comes after us and tries to change them, will be brought down!" I believe that China's power structure is like a three-layer cake. The icing on the top represents the hope of change and more free market policies being pushed by the progressives. The middle layer is the party bureaucracy that does not want to give up power, but cites ideology as the reason. In the bottom layer are the great unwashed masses who will ultimately prevail. Deng has given the masses a taste of the icing and wants to do more so that even the bureaucracy won't be able to be regressive; indeed, they will be "brought down" if they try. So much depends on how long he lives.

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Drexel Burnham Lambert Incorporated 60 Broad Street, New York, NY 10004 212 480-6464

Thursday, June 25, 1987

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