Mises Institute on Eisenhower

"New York banks, connected with the country's great corporations by financial ties and interlocking directorates, exerted their powerful influence on the large uncommitted delegations for Eisenhower. They did it more subtly, but no less effectively, than in 1940 when they captured the Republican convention for Willkie. Having made enormous profits out of foreign aid and armaments orders, the bankers and corporation bosses understood each other perfectly. The Wall Street influence was most fruitful in the Pennsylvania delegation … and in that of Michigan…. Arthur Summerfield, Michigan's national committeeman and the largest Chevrolet dealer in the world, was rewarded for his delivery of the bulk of the Michigan delegation by appointment as Eisenhower's campaign manager and later as his Postmaster General. Charles E. Wilson, President of the General Motors Corporation, which had strong influence in the Michigan delegation, became Secretary of Defense. Winthrop W. Aldrich, head of the Chase National Bank and kinsman of the Rockefeller brothers, the front man for Wall Street, was in Chicago pulling wires for Eisenhower, and his labors paid off with an appointment as ambassador to Great Britain."

Interesting.