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Oh, mostly around the turn of the century with rail, oil, and steel trusts. Just for clarity, i'm not claiming anything like is happening now.
by jfoutz 15y ago
Oh, mostly around the turn of the century with rail, oil, and steel trusts.
Just for clarity, i'm not claiming anything like is happening now.
- mseebach 15y agoNow you've tickled my curiosity. Do please elaborate?
- jfoutz 15y agoI guess i don't have an example. apparently JP Morgan used to like to lock people in his library till he got his way - but this specific case is other bank owners, not his board http://en.wikipedia.org/wiki/Panic_of_1907 http://en.wikipedia.org/wiki/Panic_of_1907 Andrew Carnegie negotiated deals between companies he controlled, collecting commission on both sides of the deals. I vaguely remember that being pretty contentious. False imprisonment and collusion are exiting, must have overshadowed the exact circumstances in my memory.
- wpietri 15y agoDo you have an example? The bits that I recall are all government vs trust instead of board + government vs CEO.