Business: Rockefeller Philosophy

Last summer Mr. & Mrs. John Davison Rockefeller Jr. took three of their sons for a trip in Europe. One of the boys looked after all the funds; another looked after the baggage; the third ran errands. Each week each received a salary for his duties. Thus Mr. & Mrs. Rockefeller taught their sons integrity & responsibility, to pay for what they received, to receive what they paid for.

Mr. Rockefeller, who assiduously guards the privacy of his family life, last week used the summer's experience to illustrate that corporations as well as individuals...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!