Difference between revisions of "Joe Allbritton"

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|wikipedia=https://en.wikipedia.org/wiki/Joe_Allbritton
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|image=Joe Allbritton.png
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|birth_date=December 29, 1924
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|interests=George H.W. Bush,Charles Windsor
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|birth_place=D'Lo, Mississippi, United States
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|death_date=December 12, 2012
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|death_place=Houston, Texas, United States
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|constitutes=Businessperson, banker, publisher
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|spouses=Barbara Allbritton
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|alma_mater=Baylor University
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|children=Robert Allbritton
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|description=American banker, publisher and deep state actor. A friend of [[George H.W. Bush]], he bought [[Riggs Bank]] in [[1981]], which enjoyed a "relationship" with the [[CIA]] similar to the [[BCCI]].
 
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'''Joe Lewis Allbritton''' was an American banker, publisher and deep state actor. A friend of [[George H.W. Bush]], he bought [[Riggs Bank]] in [[1981]], which enjoyed a "relationship" with the [[CIA]]<ref>https://slate.com/news-and-politics/2005/01/the-cia-and-riggs-bank.html</ref> similar to the [[BCCI]].
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==Early life==
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Joe Allbritton was born on December 29, 1924, in [[D'Lo, Mississippi]], the sixth of seven children. His family soon relocated to [[Houston, Texas]], where his father owned a small business. Allbritton served in the [[United States Navy]] during [[World War II]]. He completed his undergraduate degree and law degree from [[Baylor University]], where he was a national champion debater.<ref name=wjla/>
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==Business==
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After naval service and law school, he borrowed $5,000 to buy land (presumably with some sort of [[insider knowledge]]) outside [[Houston]], which was later used in the construction of a freeway connecting Houston and [[Galveston, Texas|Galveston]], making Allbritton a small fortune. He also chaired Houston International Bank, Houston Citizens Bank and University Bankshares.<ref name=wjla>https://web.archive.org/web/20121216084443/http://www.wjla.com/articles/2012/12/joe-l-allbritton-founder-of-allbritton-communications-dies-at-87-83047.html#ixzz2Fc34BQ9w</ref>
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He had several very influential Houston friends, including [[George H.W. Bush]] and [[LBJ]] aide and [[Jack Valenti]]. The [[mob]]-connected Valenti, who died in [[2007]], was one of Allbritton’s closest friends; Bush was a regular at the annual brunch Allbritton and his wife, [[Barbara Bush|Barbara]], held at their [[Washington]] home on the morning after the [[Alfalfa dinner]], an exclusive gathering of top business and political leaders. Among his other friends late in life was Britain’s [[Charles Windsor|Prince Charles]].<ref name=politico/>
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In 1975, he purchased [[Washington Star|The Washington Star]] along with its television station and smaller stations in the south. In 1978, he was forced to divest the newspaper.
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This became the foundation of his company, [[Allbritton Communications]], which includes [[WJLA-TV]],<ref>https://web.archive.org/web/20130116100930/http://www.wjla.com/articles/2012/12/joe-l-allbritton-founder-of-allbritton-communications-dies-at-87-83047.html</ref> NewsChannel 8, short lived Internet venture TBD, and [[Politico]], now run by his son, [[Robert Allbritton]].<ref>https://web.archive.org/web/20130412135842/http://articles.washingtonpost.com/2012-12-12/local/35789364_1_joe-l-allbritton-riggs-bank-media-magnate</ref>
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From [[1981]] to [[2001]], he was chairman of [[Riggs Bank]]. In 1992, he sold the Los Angeles based Pierce National Life Insurance Co. that he had owned since [[1958]].<ref>https://www.washingtonpost.com/archive/business/1992/09/05/allbritton-sells-pierce-insurance/86887976-5829-4334-92e7-f0dca5fee7a6/</ref><ref>https://newrepublic.com/article/111093/joe-allbritton-what-those-glowing-obits-didnt-tell-you </ref>
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Riggs was sold in 2005 to the larger [[PNC Financial Services Group]] after the company was revelead to be a conduit for deep state money flows, including Saudi Ambassador [[Bandar bin Sultan]]. The PNC sale brought Allbritton a large financial sum.<ref name=politico/>
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Robert was involved when family business launched the influential magazine, later website, ''[[Politico]]'' in the [[1980s]], where his son [[Robert Allbritton]] became publisher and CEO.<ref name=politico>https://www.politico.com/story/2012/12/joe-allbritton-dies-at-87-085004</ref>
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Latest revision as of 09:59, 25 March 2023

Person.png Joe Allbritton  Rdf-entity.pngRdf-icon.png
(Businessperson, banker, publisher)
Joe Allbritton.png
BornDecember 29, 1924
D'Lo, Mississippi, United States
DiedDecember 12, 2012 (Age 87)
Houston, Texas, United States
Alma materBaylor University
ChildrenRobert Allbritton
SpouseBarbara Allbritton
Interests • George H.W. Bush
• Charles Windsor
American banker, publisher and deep state actor. A friend of George H.W. Bush, he bought Riggs Bank in 1981, which enjoyed a "relationship" with the CIA similar to the BCCI.

Joe Lewis Allbritton was an American banker, publisher and deep state actor. A friend of George H.W. Bush, he bought Riggs Bank in 1981, which enjoyed a "relationship" with the CIA[1] similar to the BCCI.

Early life

Joe Allbritton was born on December 29, 1924, in D'Lo, Mississippi, the sixth of seven children. His family soon relocated to Houston, Texas, where his father owned a small business. Allbritton served in the United States Navy during World War II. He completed his undergraduate degree and law degree from Baylor University, where he was a national champion debater.[2]

Business

After naval service and law school, he borrowed $5,000 to buy land (presumably with some sort of insider knowledge) outside Houston, which was later used in the construction of a freeway connecting Houston and Galveston, making Allbritton a small fortune. He also chaired Houston International Bank, Houston Citizens Bank and University Bankshares.[2]

He had several very influential Houston friends, including George H.W. Bush and LBJ aide and Jack Valenti. The mob-connected Valenti, who died in 2007, was one of Allbritton’s closest friends; Bush was a regular at the annual brunch Allbritton and his wife, Barbara, held at their Washington home on the morning after the Alfalfa dinner, an exclusive gathering of top business and political leaders. Among his other friends late in life was Britain’s Prince Charles.[3]

In 1975, he purchased The Washington Star along with its television station and smaller stations in the south. In 1978, he was forced to divest the newspaper. This became the foundation of his company, Allbritton Communications, which includes WJLA-TV,[4] NewsChannel 8, short lived Internet venture TBD, and Politico, now run by his son, Robert Allbritton.[5]

From 1981 to 2001, he was chairman of Riggs Bank. In 1992, he sold the Los Angeles based Pierce National Life Insurance Co. that he had owned since 1958.[6][7]

Riggs was sold in 2005 to the larger PNC Financial Services Group after the company was revelead to be a conduit for deep state money flows, including Saudi Ambassador Bandar bin Sultan. The PNC sale brought Allbritton a large financial sum.[3]

Robert was involved when family business launched the influential magazine, later website, Politico in the 1980s, where his son Robert Allbritton became publisher and CEO.[3]


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References

  1. ↑ https://slate.com/news-and-politics/2005/01/the-cia-and-riggs-bank.html
  2. ↑ a b https://web.archive.org/web/20121216084443/http://www.wjla.com/articles/2012/12/joe-l-allbritton-founder-of-allbritton-communications-dies-at-87-83047.html#ixzz2Fc34BQ9w
  3. ↑ a b c https://www.politico.com/story/2012/12/joe-allbritton-dies-at-87-085004
  4. ↑ https://web.archive.org/web/20130116100930/http://www.wjla.com/articles/2012/12/joe-l-allbritton-founder-of-allbritton-communications-dies-at-87-83047.html
  5. ↑ https://web.archive.org/web/20130412135842/http://articles.washingtonpost.com/2012-12-12/local/35789364_1_joe-l-allbritton-riggs-bank-media-magnate
  6. ↑ https://www.washingtonpost.com/archive/business/1992/09/05/allbritton-sells-pierce-insurance/86887976-5829-4334-92e7-f0dca5fee7a6/
  7. ↑ https://newrepublic.com/article/111093/joe-allbritton-what-those-glowing-obits-didnt-tell-you
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