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Standard Oil
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    Formed by John D. Rockefeller and five partners
    Initially headquartered in Cleveland, Ohio
    Headquarters moved to New York City (1885)
    Ordered broken up for violating the Sherman Anti-Trust Act
    Ruling upheld by the US Supreme Court (May 15, 1911)
    Broken into 34 independent companies
    'Baby Standards' included Exxon (originally Standard of New Jersey), Mobil (Standard of New York), Chevron (Standard of California), Amoco (Standard of Indiana) and Conoco (Continental Oil)
    It negotiated secret lower shipping rates with the railroads.
    It also negotiated to receive kickbacks from the railroads for shipments by its competitors.
    It demanded from the railroads access to records of its competitors' shipping schedules, and would occasionally use its clout to ensure that another company's oil shipments would get sidelined at an inopportune time.
    It dispatched saboteurs to blow up a rival refinery.
    At its peak, it controlled 90% of the US oil industry.
    It tried to create the illusion of competition by setting up 'independent' companies that it secretly controlled.
    It was run more efficiently than its competitors.
    It found ways to use or sell petroleum byproducts that other companies threw out as waste.
    During its rise, the price of its main product, kerosene, dropped in half.
    Ironically, by the time it was broken up, its share of the market had declined to 60%.

Credit: C. Fishel

    In 2018, Out of 1 Votes: 100% Annoying
    In 2017, Out of 5 Votes: 60.0% Annoying
    In 2016, Out of 5 Votes: 40.0% Annoying
    In 2015, Out of 13 Votes: 53.85% Annoying
    In 2014, Out of 18 Votes: 50.0% Annoying
    In 2013, Out of 10 Votes: 50.0% Annoying
    In 2012, Out of 209 Votes: 53.59% Annoying
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