The Rockefeller Foundation, which has well over half a billion dollars in assets, has been willing to venture into new and sometimes contentious areas in support of education, the arts, medicine and urban problems. Founded in 1913 by John D. Rockefeller, it is now one of G.M.'s large stockholders, with 195,532 shares. Last week the foundation's board,* in explaining its vote at G.M.'s annual meeting, presented a thoughtful definition of the responsibilities of a modern corporation. Excerpts:
THE trustees of the Rockefeller Foundation believe with the organizers of Campaign G.M. that the corporations of America must assert an unprecedented order of leadership...
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