Shane Parrish
speaker
20,679 appearances
49 recordings
3 series
first heard May 2025
last heard 15 Sep
Shane Parrish’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 30 in all, peaking in Jan 2026 with 4.
Appearances
He had built one of the most efficient refiners in the world, but saw that it wouldn't save him because the very industry he was in was now broken.
The way he saw it, every man struggling hard to get all the business brought nothing but disaster to himself and everyone else.
To Rockefeller, the solution was cooperation.
Bring the refiners under one roof, he reasoned, cut down the excess capacity, steady the prices, and run the whole system the way he'd run his business.
He gave the idea the grandest possible framing.
It was the battle of the new idea of cooperation against competition.
He watched the chaos eat the industry and concluded that he personally should be the one to organize it.
This was the momentous shift.
He stopped thinking of himself as an individual refiner competing in a market and started thinking of the entire oil industry as one giant interrelated machine.
a machine that one person, him, needed to run.
There was a problem, though.
Buying up refineries on that scale would require an enormous amount of money, and he and Flagler did not want to give up control to get it.
The solution was to incorporate.
On January 10, 1870, the partnership became the Standard Oil Company of Ohio.
The name was chosen to advertise kerosene of a uniform standard quality.
The new company had a million dollars in capital and 10,000 shares.
Rockefeller held the largest allotment.
He was 30 years old.
Older businessmen told him the scheme was reckless.
One called it a rope of sand that would collapse like attempts before it had.
Showing 1321–1340 of 20,679 · page 67 of 1034
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