Quotes About Business

Schwab sounded out Carnegie on his willingness to sell his steel company to the trust.

The Rockefellers could be playful on occasion.

Rockefeller and Charles clashed repeatedly over this question.

First, the railroads had engaged in such fierce, internecine price wars that freight rates had fallen sharply.

Rebates weren't just solicited by shippers but were sedulously pushed by railway freight agents eager to win over new business.

This set him up to extract maximum advantage from both the railroads and pipelines so long as these two means of transport coexisted in the oil business.

By giving small stakes in United to William H. Vanderbilt of the New York Central and Amasa Stone of the Lake Shore, Rockefeller tightened his grip over friendly railroads.

Over time, relations grew ever closer and more incestuous between the railroads and large shippers. For decades, Rockefeller and his colleagues enjoyed free passes on all major railroads, which they regarded not as payoffs but as natural perquisites of their business.

Many thought he was being retained because his name was Rockefeller

Rockefeller attributed much of his success to his quick head for figures.

Unless the railroads had greater control over the oil business, Rockefeller knew, they "could not make the divisions of business necessary so as to prevent rate-cutting.

John loaned Frank the money to purchase the other half, keeping the mining stock as collateral.

By November, Rockefeller had capitulated and accepted his resignation.

Yet he was extremely selective about the business he did and had learned the need for caution.

I considered this a great injustice to me as I was an equal partner and Gardner brought in only his share of the capital, but I thought it best to submit.

From Vanderbilt, Morgan had learned the trick of basing value not on current assets but on projected earnings.

Rockefeller knew that he now needed a larger and more efficient method for disposing of his fortune.

Rockefeller's supreme insight was that he could solve the oil industry's problems by solving the railroads' problems at the same time, creating a double cartel in oil and rails.

He offered to pay Corrigan $168 or $169 per share for his 2,500 shares of Standard Oil, which would yield enough to retire his $400,000 in debt.

It was from ignorance on how the great business was founded.

Rockefeller paid the market price, roughly equivalent to what he paid his Standard colleagues for their stock that month.

I think you like money better than anything else in the whole world, and I do not. I like to have a little fun along with business as I go through life.

To the dismay of critics, Standard Oil and other trusts fared quite well during the prolonged downturn.

Junior's presence at 26 Broadway further ensured that father would behave more ethically than in the past.