Oil Industry Development
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
Among his triumphs, he extended a six-million-dollar loan to the fledgling General Motors in 1906—about $98 million today—taking notes for his cash. When the notes were paid off, Rockefeller took payment in General Motors shares, which then obligingly soared from 200 to 1,500.
chapter: CHAPTER 20 - The Standard Oil Crowd