Ron Chernow, whose previous books have taken on the Morgan and Warburg financial empires, now turns his attention to the patriarch of the Rockefeller dynasty. John D. was history's first recorded billionaire and one of the most controversial public figures in America at the turn of the 20th century. Standard Oil--which he always referred to as the result of financial "cooperation," never as a "cartel" or a "monopoly"--controlled at its peak nearly 90 percent of the United States oil industry. Rockefeller drew sharp criticism, as well as the attention of federal probes, for business practices like underpricing his competitors out of the market and bribing politicians to secure his dominant market share.
While Chernow amply catalogs Rockefeller's misdeeds, he also presents the tycoon's human side. Making use of voluminous business correspondence, as well as rare transcripts of interviews conducted when Rockefeller was in his late 70s and early 80s, Chernow is able to present his subject's perspective on his own past, re-creating a figure who has come down to us as cold and unfeeling as a shrewd, dryly humorous man who had no inner misgivings about reconciling his devout religious convictions with his fiscal acquisitiveness. The story of John D. Rockefeller Sr. is, in many ways, the story of America between the Civil War and the First World War, and Chernow has told that story in magnificently fascinating depth and style.
From Library Journal
Industry consolidation, enormous new wealth, journalistic muckraking, government antitrust. Sound familiar? Reviewers enthusiastically praised this monumental work about the founder of Standard Oil, which serves as a useful reminder that what happens today in the business world often has strong roots in the past.
Copyright 1999 Reed Business Information, Inc.