A meeting was held to discuss was the major financial question to be raised so far by the Iranian crisis: why had the $500 million syndicated loan for the government of Iran been declared in default so quickly?

A 10th anniversary essay by David Rockefeller, chairman, The Chase Manhattan Bank NA.

David Rockefeller is a man under pressure. At 63, he has three years before retirement rules force him to step down from the chairmanship of Chase Manhattan Bank. That is not a lot of time for the tasks that confront him.