Alexander Onassis of the United States Central Intelligence Agency (CIA) and the leader of the Greek military junta, Georgios Papadopoulos. Onassis's death had a profound effect on his father, who never fully recovered from the loss of his son. Aristotle Onassis sought to sell Olympic Airways after his son's death, and died two years later in March 1975. Onassis was buried alongside his son on Skorpios. Aristotle Onassis's will established a charitable foundation in memory of his son, the Alexander S. Onassis Public Benefit Foundation, based in the tax haven of Vaduz in Liechtenstein, and headquartered in Athens. The foundation received 45%
Aristotle Onassis to invest in hotels without a guarantee from Rainier that no other competing hotel development would be permitted, but promised to build two hotels and an apartment block. Unwilling to give Onassis his guarantee, Rainier used his veto to cancel the entire hotel project, and publicly attacked SBM for their 'bad faith' on television, implicitly criticising Onassis. Rainier and Onassis remained at odds over the direction of the company for several years and in June 1966 Rainier approved a plan to create 600,000 new shares in SBM to be permanently held by the state, which reduced Onassis's stake from 52%