History
Founded in 1953 by Eldridge Haynes and his son, Elliott Haynes, BIC initially focused on American companies and started out with a weekly newsletter (called Business International) and a group of key corporate clients. Offices were established overseas, including major regional operations based out of Vienna (East Europe and the USSR) and Hong Kong (Asia-Pacific), and single-country offices (e.g., Rome, Tokyo).
BI eventually became the premier information source on global business with research, advisory functions, conferences and government roundtables in addition to its publications. It was headquartered in New York City, with major offices in Geneva, London, Vienna, Hong Kong and Tokyo, and a network of correspondents across the globe.
In his book The Strawberry Statement, former student protester James Kunen reports a description of Business International by an unnamed Students for a Democratic Society conference attendee in 1968. The attendee, referred to by Kunen as 'the kid', claimed the company offered to finance SDS demonstrations in Chicago. Business International is described as 'the left wing of the ruling class' and as desiring a Gene McCarthy presidency.
Read more about this topic: Business International Corporation
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