|
|
|
|
|
|
by JumpCrisscross
1721 days ago
|
|
|
> Standard Oil split into a bunch of companies, many of which still exist today (eg Chevron, Exxon-Mobil). This break up actually made Rockefeller (even more) fantastically wealthy. This looks like an argument for antitrust. The component companies' political influence was reduced. Consumers saw better prices [1]. And apparently, shareholders also won. [1] David I. Rosenbaum, Market Dominance: How Firms Gain, Hold, or Lose it and the Impact on Economic Performance |
|
|