Spy capitalism : Itek and the CIA / Jonathan E. Lewis.

Format:

Book

Author/Creator:

Lewis, Jonathan E., 1962-

Language:

English

Subjects (All):

United States. Central Intelligence Agency.

United States.

Itek Corporation.

Rockefeller, Laurance Spelman.

Physical Description:

vi, 329 pages ; 25 cm

Place of Publication:

New Haven : Yale University Press, [2002]

Summary:

What happens when the world of venture capital collides with the world of espionage? To find the answer, Jonathan E. Lewis takes us inside the executive suite at Itek Corporation during the Cold War years from 1957 to 1965. Itek was manufacturing the world's most sophisticated satellite reconnaissance cameras, and the information these cameras provided about Soviet missiles and military activity was critical to U.S. security. So was Itek. This intriguing book examines in unprecedented detail the challenges Itek faced not only as a contractor for the most important national security program of the time -- the CIA's Project Corona spy satellite -- but also as a start-up company competing with established industrial giants.

In telling the story of Itek Corporation, Lewis fills important gaps in the history of American intelligence, business history, and management studies. In addition, he addresses such important themes as the compatibility of secrecy and capitalism, the struggle between profits and patriotism, and the workings of power and connections in America. Lewis explores how Itek executives contended with myriad business problems that were compounded by the need to raise capital without revealing the complete truth about the company's highly secret business. He also presents for the first time information about Laurance Rockefeller's venture capital operations and his role in financing Itek, based on the financier's private Itek papers. The book is both a remarkable case study of a company at the heart of the American intelligence-industrial complex during the Cold War and a thought-provoking examination of the impact of the CIA on the capitalist system it was created to defend.

Contents:

1 The Battlegreen Inn 1

2 "You damned fool, now look what you've gone and done" 8

3 Corporation X 25

4 Sputnik 46

5 The Coffee Slurpers and the Front-Office Pros 64

6 Into the Black 79

7 Pugwash 97

8 Bissell for Vice President 103

9 Going Public 122

10 "An excuse to sell" 142

11 "Friendly in the extreme" 157

12 "This is no group of long-haired scientists" 176

13 "Then, Mr. Chairman, there will be war" 187

14 "I am today forming a new corporate management team" 199

15 "We are probably going to have to bomb them" 211

16 Washington Troubles 219

17 Fulcrum 240

18 Brains into Gold 262.

Notes:

Includes bibliographical references (pages 273-314) and index.

ISBN:

0300091923

OCLC:

47916216