I always refer to Standard Oil , established in 1870 and broken up in 1911 – It controlled 90% of the US oil supply – and its business practices were judged to be anti competitive . It ‘owned ‘ its supply chain – to the detriment of any competitors . Basically competition was not allowed – which is how it should be when you are running a monopoly !
It may have been broken up into 34 different companies – but Rockefeller still owned a 25% share in all of the resultant companies – this made him the richest man in modern day history.
ExxonMobil , Conoco , Chevron , other parts were subsequently incorporated into Shell , BP . If Standard Oil had not been broken up , its estimated it would be 4 times larger than the current largest conglomerate.
As a side interest .. In 1941, an investigation exposed a “marriage” cartel between John D. Rockefeller’s United States-based Standard Oil Co. and I.G. Farben.( at one point the worlds No4 largest company ) It also brought new evidence concerning complex price and marketing agreements between DuPont. IG Farben cooperated closely with Nazi officials and directed which chemical plants should be secured and delivered to them after the invasion of Czechoslovaki and Poland .
SONY , founded in Japan , 1946 , after the Atomic Attacks – is said to stand for Standard Oil New York .
Could it really be that the wealth used to finance Standard oil, and secure its position was just spread around – its influence whilst hidden to the public , still overbearing ?
From an anonymous comment. Is the SONY acronym true? It’s plausible. All other Japanese names were Japanese. Hitachi. Toyota. Mitsubishi. And so on. SONY is not a Japanese word or name or even sound. – NY endings don’t exist in Japanese. It had to come from somewhere.
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