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Business Movers

Beating Rockefeller | The Devil and John D. Rockefeller | 4

Business Movers

Wondery

Entrepreneurship, Business, History

4.71.6K Ratings

🗓️ 15 September 2022

⏱️ 41 minutes

🧾️ Download transcript

Summary

With the Supreme Court and Royal Dutch/Shell waging war on Standard Oil, John watches the company he’s spent his life building fall apart. But the break-up of Standard nets John more money than he’s ever had, and he spends much of the rest of his life trying to give it away. 


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Transcript

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0:00.0

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0:07.0

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0:13.0

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0:31.0

It's late 1908 at the offices of Royal Dutch Shell in the Hague, Netherlands.

0:37.0

Honoree Deadarding, the head of this European oil behemoth, steps into a crowded boardroom.

0:43.0

The chatter stops as Honoree takes his place at the head of a long table.

0:47.0

Honoree is convinced it's time for Royal Dutch Shell to plant their flag in the United States

0:52.0

and to challenge John D. Rockefeller and his standard oil for a chunk of the American oil industry.

0:59.0

But members of the board aren't sold on Honoree's plan.

1:02.0

Today, Honoree's determined to win them over.

1:05.0

Gentlemen, I'm glad we have this opportunity to discuss my vision for the future of Royal Dutch Shell.

1:10.0

It was this vision that drove me to push for a merger between our two companies

1:14.0

and it is this vision that will lead us to the United States.

1:18.0

But before Honoree can continue, he immediately gets opposition from a board member voicing the concerns of many in the room.

1:25.0

I'm sorry. Honoree, we applaud your willingness to take risks and your ability to look beyond the present moment.

1:31.0

We're all aware that your leadership has been the driving force behind our success in Asia and Europe.

1:36.0

But this plan, to move into the States, to challenge Rockefeller, it seems reckless.

1:42.0

Reckless, you think I've come up with this plan on a whim?

1:46.0

You think I haven't weighed the risks versus the reward?

1:49.0

No, I'm sure you have.

1:51.0

But making an effort to corner a portion of the American market will cost us millions just to lay the groundwork.

1:57.0

There's no guarantee we'll have success. Royal Dutch Shell is still a new company.

...

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