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Interestingly, this is something that Rockefeller did often with Standard Oil, as I read in a biography. And also interestingly, it looks like some people (part
by danmaz74 15y ago
Interestingly, this is something that Rockefeller did often with Standard Oil, as I read in a biography. And also interestingly, it looks like some people (partners) really resented when Rockefeller bought their stock when they lost confidence in his bold choices, which ended up earning him billions is today's currency - and them lose that opportunity.
- hboon 15y agoDo you remember why if it described why they felt that way, other than being poor losers?
- danmaz74 15y agoI guess they might have rationalized that were somehow cheated by Rockefeller; according to the biographer though the course he decided to follow was a very risky bet and nobody could have know for sure how it would have turned out.