Edward M. Carey

Edward Michael Carey (October 12, 1916 – May 12, 2002) Among his siblings were brothers Dennis J. Carey Jr. (president of the family firm), Hugh L. Carey (a former U.S. Representative who served as Governor of New York from 1975 to 1982), John R. Carey, Martin T. Carey, and George G. Carey. His youngest brother, George, a securities analyst, was killed in a plane crash in 1959.

He was a graduate of St. Augustine's School in the Bronx and attended Manhattan College and St. John's University. In the early 1940s, Carey formed the New England Petroleum Corporation, based in Brooklyn, which became one of the nation's largest "privately owned petroleum refining and marketing companies." In 1979, Carey sold Carey Energy Corporation, with $550 million in assets, to the Jacksonville, Florida based Charter Company for $4 million in cash (for 20% of the company) and $16 million in Charter convertible preferred stock (worth $45 million), plus a consulting contract for Carey that paid $200,000 per year. Charter beat out Ashland Oil who were also interested in acquiring Carey Energy. Charter filed for bankruptcy protection in late 1984, eventually selling off all of its businesses and purchasing Spelling Entertainment Inc.

Commonwealth Oil Refining Company In 1953, Carey helped found the Commonwealth Oil Refining Company in the Puerto Rico under the development program known as Operation Bootstrap. Carey organized Commonwealth with Rear Admiral Andrew F. Carter (former president of Shell Eastern Petroleum Products, Inc. and a senior executive with the Army-Navy Petroleum Board during World War II), Charles W. Saacke (a former executive with the Davison Chemical Company which was acquired by W. R. Grace and Company in 1954), and Fred Gilbert of Carey's New England Petroleum. The company ran a petrochemical plant and $24,500,000 refinery at Ponce.

In the late 1950s, Carey was involved in a consortium of American companies to set up a capital market in Puerto Rico.

Personal life In 1941, he married the Elizabeth Ann "Betty" Sullivan (d. 2000). Together, they were the parents of three children:

Edward Charles Carey, who married Eileen Campion Cahill, a daughter of Dr. John Cahill, in 1966. After her death, Edward married her sister, Moreen Cathleen Cahill (1945–2020), in 1971. Diane Margaret Carey, who married Myles Charles Cunningham, a son of John J. Cunningham (vice president of Manufacturers Hanover Trust Company), in 1968. Jane Elizabeth Carey, who married Thomas Alan Haswell, who worked for Carey's New England Petroleum Corp., in 1971.

Carey died in Manhattan on May 12, 2002. After a funeral at the Church of St. Vincent Ferrer in New York, he was buried at Holy Rood Cemetery in Westbury, New York on Long Island.