Oil Industry Development
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
After the Armstrong investigation of 1905 exposed massive double-dealing between insurance companies and their bankers, reform legislation was enacted in 1911 that forced the Equitable Life Assurance Company to spin off its subsidiary, the Equitable Trust Company. Seizing this chance, Rockefeller, George Gould, and Kuhn, Loeb took control, with Rockefeller the principal shareholder.
chapter: CHAPTER 20 - The Standard Oil Crowd