Joe · L · Allbritton, through the media group's newspapers and television stations, Riggs Bank and financial empire, becoming one of the most influential figures in Washington. He is 87.
Frederick said he was suffering from heart disease and death in a hospital in Houston, where he live in a small J. Ryan, president of the Arlington, Allbritton Communications Co., Ltd., headquartered in Virginia
The Allbritton the wealth is homemade, start with the real estate industry and financial investment. 33-year-old, he is a millionaire, Ryan said.
His media group, including eight television stations in seven markets, including WJLA, the ABC affiliate in Washington callsign bear his initials. In this day and age, the corporate media ownership, WJLA stand out as a family-owned station. Ryan said, it is the world's largest privately-owned ABC affiliate in the country. Its sister station NewsChannel 8, is the first of its kind - all local cable news channel.
He has the Washington Star from 1974 to 1978, he was forced to sell Time Inc. prestigious newspapers, in order to comply with federal regulations, the cross-ownership of media platforms, it folded after a few decades.
But after decades Allbritton proudly watching his son Robert set up a new media age, politics, success of the the political fans must-read online and print publications.
Allbritton is more than 20 years old, in the Riggs Bank's major shareholders, including the last few years, has been caught in the scandal. Riggs, Washington old-line institutions to provide banking services, a large number of embassies during his tenure at the helm in trouble concealing suspicious transactions involving former Chilean dictator Augusto Pinochet regime of mass slaughter and violations human rights acts.
Riggs executives, including Allbritton, and regularly wrote late Pinochet solicit his business.
In 1997, Allbritton wrote to Pinochet: "I am pleased to report that the business relationship between Riggs and the prosperity of Chile's military, and I also thank our personal friendship flourish, you have demonstrated through your hospitality and firm support, Riggs from totalitarian government and an ancient threat of state-owned property and the centrally planned economic system you have to get rid of Chile, we owe you a huge debt of gratitude to the United States and the rest of the Western Hemisphere . "
In 2004, federal officials ordered Riggs to pay a record $ 250,000 civil penalty, suspected breaches of the Money Laundering Act. The following year, Riggs pleaded guilty to a felony charge of failing to report suspicious transactions involving foreigners, including Pinochet and his family members. Riggs also agreed to pay $ 16 million in criminal fines. A federal judge said that the bank has become a "greedy corporate henchman of dictators and corrupt regimes."
Shortly thereafter, the bank acquired sponsored by the Pittsburgh-based PNC Financial Services Group accounted for 23 President of the United States and Pennsylvania Avenue near the White House, has a prominent position
Allbritton Riggs CEO to step down in 2001 when the Allbritton family control of the bank's stock about 40%.
Stephen Joel Trachtenberg, the former president of George Washington University, the the Riggs board Allbritton friends, Allbritton is "the bankers of the 20th century, he has his main client relationship, and he likes to work with the ambassadorial level community is a player on the world stage. "This style is not suitable for the change, to seize the modern banking, community banks by extrusion and federal regulatory agencies to require greater transparency.
He is a fixture of the DC social circuit, although he rarely gives interviews. He is friends with Britain's Prince Charles, it was reported last year, Prince William and Kate Middleton's wedding invitation. When Prince Charles visited the United States in May 2011, he went to a private jet lent him Allbritton.
He and his wife, Barbara, Society and President Ronald Reagan and George H · W. Bush and their wives.
Former first lady Nancy Reagan said in a statement: "Ronnie, I think Joe and his wife, Barr, dear friends, I will miss his great sense of humor."
Washington relations, his Trachtenberg said Allbritton is a the term Texas man has distinctive lazily talking attitude, relationship to his hometown is obvious: "Every time he opened his mouth. '
"He is in Texas, life is completely independent Texas Christmas cards from" Trachtenberg said. "He is a good old-fashioned courtesy."
Senior Vice President Jerry Fritz, Allbritton Communications, Allbritton's work for 25 years, described him as "a great RACONTEURS."
His charity work, including a large gift in Texas, Baylor University and George Mason University in northern Virginia. His horse racing and actively participate in with purebred Hansel, and to win the final two legs of the Triple Crown in 1991.
At the height of his influence, "Fritz said, if there are important things happened in DC, Joe Allbritton, in its center.
He was born and raised in Houston in D 'Miss Luo. He was in the Navy during World War II, and earned his law degree from Baylor University. He continued to run the funeral of the family and the insurance industry as well as participate in the University of the Arts board.
Allbritton family said, his life is defined, will forever treasure we all love, wit, charm and attention in a statement. Joe's life, is a great achievement, as a businessman, innovation and philanthropist, his fierce enthusiasm and tireless and generous. "

 



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