Rockefeller creates the Standard Oil trust agreement
Citations (1)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
r correctly considered the legal system an unfair impediment, it was also a spur to his ingenuity. His first major improvisation came with an ingenious trust agreement that was executed privately in 1879. Under its charter, Standard Oil of Ohio couldn’t own companies outside the state, so it assigned three midlevel employees—Myron R. Keith, George F. Chester, and George H. Vilas—to serve as trustees
chapter: CHAPTER 13 - Seat of Empire