Beating Rockefeller | The Most Hated Man in America | 3
Business Movers
Wondery
4.7 • 1.6K Ratings
🗓️ 8 September 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
The United States government and the public turn on John D. Rockefeller, leaving Standard Oil vulnerable to their biggest overseas competitors, Shell and Royal Dutch.
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Transcript
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| 0:30.0 | It's October 1901 at Standard Oil Headquarters in Manhattan. |
| 0:38.0 | John D. Rockefeller opens the door to his office to let in one of his biggest European competitors, Marcus Samuel, the head of England Shell Transportation and Trading Company. |
| 0:48.0 | John knows that Shell has been engaged in a price war in Asia with another of his rivals, Royal Dutch. |
| 0:55.0 | As a result of this costly price war, both companies are struggling. |
| 0:59.0 | Things are so bad that Marcus and the head of Royal Dutch on redettering even discussed merging their two companies, |
| 1:05.0 | but neither of them would compromise much and negotiation stalled. |
| 1:09.0 | Now, John hopes to swoop in, buy Shell himself and bring them into the Standard Oil family. |
| 1:15.0 | With Shell in his grasp, John has no doubt that he can vanquish Royal Dutch and conquer Asia for himself. |
| 1:22.0 | Marcus walks up to the window in John's office and gazes down at the Manhattan streets below. |
| 1:27.0 | Well, it's quite a view you have missed to Rockefeller. |
| 1:30.0 | It is. |
| 1:31.0 | But you know, sometimes I miss working out of my little office back in Cleveland. |
| 1:35.0 | But please, have a seat. |
| 1:39.0 | As Marcus sits across from John, he's surprised that John D. Rockefeller, one of the wealthiest and most powerful men in the world, seems so ordinary. |
| 1:47.0 | From the tales Marcus has heard, he have expected to meet the devil. |
| 1:51.0 | Marcus, I understand you started out small like I did. |
| 1:54.0 | Indeed, yes, indeed. |
| 1:56.0 | I had a shop and an import export business. |
| 1:59.0 | And with the help of the Rothschilds, you built that into one of the most powerful oil companies in the Asian market. |
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