At Manhattan's 26 Broadway, citadel of the old Standard Oil Trust until its dissolution in 1911, the directors of Socony-Vacuum Oil Co. last week trooped into their paneled meeting room, eased into leather chairs beneath John D. Rockefeller's portrait and listened to a report of Socony-Vacuum's 1951 profits that would have amazed old John D.
The most that Rockefeller's whole trust had ever earned, in its heyday, was $83 million. In 1951, Socony-Vacuum, representing merely two of the 34 units into which the Supreme Court split the trust, earned nearly twice as...
To continue reading:
or
Log-In
