One of Rockefeller's greatest achievements which is not mentioned is the creation of the modern corporation. Rockefeller and his partners were the first ones t

One of Rockefeller's greatest achievements which is not mentioned is the creation of the modern corporation. Rockefeller and his partners were the first ones to pioneer the management of a huge enterprise much of what is taken for granted in today's S&P 500 companies. Standard Oil came up with the idea of owning a wide variety of companies through trusts. Also, the idea of management by being first among equals, running the company by consensus (in most cases) by a group of executives without exerting authoritarian control was new. Finally, Rockefeller help write much of anti trust law. I will leave it at that.