Word: politicalally
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Dates: during 1960-1969
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As Jack became a presidential possibility after the 1956 convention, Joe was careful to recede more and more into the background. The idea that father and son almost never agreed on political issues was encouraged. "Dad is a financial genius, all right," John Kennedy once said, "but in politics he...
Joe Kennedy threw himself passionately into Jack's new political career. The founder spent some $50,000 for the young naval veteran's first congressional campaign. In 1952, when Jack was thinking of running for Governor of Massachusetts, Joe Kennedy persuaded him to try for Henry Cabot Lodge...
It was always Joe Kennedy's emphatic wish that money never be discussed, at the family dinner table or in public. "It's just not an important enough matter to talk over," he said. His assessment was much too modest. Money underlies the family's unique position...
The key man in the day-to-day management of the Kennedy fortune is Thomas J. Walsh, 45, an accountant and tax expert who has been employed by the family since the 1950s. In the hands of skillful men like Walsh, the heirs have no real cause for money worries...
The singular strength of Joe Kennedy's wealth, as he applied it to satisfying his own and his children's ambitions, was its concentration and independence. He had no firm or board of directors to whom he owed an accounting. Awed associates watched as he closed business deals...