Standard Oil Part II (Extended Cut)

We bring the epic saga of Standard Oil and John D. Rockefeller to a close (for now) with two of history's greatest second acts: Rockefeller's pioneering of modern philanthropy (and really modern life itself), and perhaps the single greatest shareholder value "unlock" of all-time in the breakup of Standard Oil. And like any great American saga, of course the good guys win in the end. The only question is... just who were the good guys?? Full episode page at https://www.acquired.fm/episodes/standard-oil-part-ii If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and access for live events and discussions with episode guests. We can't wait to see you there. Join here at: https://acquired.fm/lp/ Sponsors: - Thank you to Pilot for being our presenting sponsor for all of Acquired Season 9! Pilot takes care of startups' bookkeeping, tax and CFO services so busy founders can focus on what matters. To paraphrase Jeff Bezos's AWS analogy: bookkeeping and tax don't make your product any better — so you should let Pilot handle them for you. Pilot is in fact backed by Bezos himself, along with other all-star investors including Sequoia, Index, and Stripe. They are truly the gold standard for startup bookkeeping, and many of the companies we work with run on them. You can get in touch with Pilot here: https://bit.ly/acquiredfmpilot, and Acquired listeners get 20% off their first 6 months! (use the link above) - Thank you as well to PitchBook and to Nord Security. You can learn more about them at: - https://bit.ly/acquiredpitchbook - https://bit.ly/acquirednord Links: - Titan by Ron Chernow: https://www.amazon.com/gp/product/1400077303/ - Episode sources: https://docs.google.com/document/d/1PzIts5VVgKhE70sAeHnLKcmDktTkXRgEVtuHDktfNCw/edit?usp=sharing Carve Outs: - The to-be-announced (as of recording) M1X MacBook Pro... - Starfish Space: https://www.starfishspace.com/ - Peloton: https://www.onepeloton.com/ *‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.*

Ben GilberthostDavid Rosenthalhost

Oct 19, 20212h 44mWatch on YouTube ↗

EPISODE INFO

Released: October 19, 2021
Duration: 2h 44m
Channel: Acquired
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

We bring the epic saga of Standard Oil and John D. Rockefeller to a close (for now) with two of history's greatest second acts: Rockefeller's pioneering of modern philanthropy (and really modern life itself), and perhaps the single greatest shareholder value "unlock" of all-time in the breakup of Standard Oil. And like any great American saga, of course the good guys win in the end. The only question is... just who were the good guys?? Full episode page at https://www.acquired.fm/episodes/standard-oil-part-ii If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and access for live events and discussions with episode guests. We can't wait to see you there. Join here at: https://acquired.fm/lp/ Sponsors:
Thank you to Pilot for being our presenting sponsor for all of Acquired Season 9! Pilot takes care of startups' bookkeeping, tax and CFO services so busy founders can focus on what matters. To paraphrase Jeff Bezos's AWS analogy: bookkeeping and tax don't make your product any better — so you should let Pilot handle them for you. Pilot is in fact backed by Bezos himself, along with other all-star investors including Sequoia, Index, and Stripe. They are truly the gold standard for startup bookkeeping, and many of the companies we work with run on them. You can get in touch with Pilot here: https://bit.ly/acquiredfmpilot, and Acquired listeners get 20% off their first 6 months! (use the link above)
Thank you as well to PitchBook and to Nord Security. You can learn more about them at:
https://bit.ly/acquiredpitchbook
https://bit.ly/acquirednord
Links:
Titan by Ron Chernow: https://www.amazon.com/gp/product/1400077303/
Episode sources: https://docs.google.com/document/d/1PzIts5VVgKhE70sAeHnLKcmDktTkXRgEVtuHDktfNCw/edit?usp=sharing
Carve Outs:
The to-be-announced (as of recording) M1X MacBook Pro...
Starfish Space: https://www.starfishspace.com/
Peloton: https://www.onepeloton.com/
*‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.*

SPEAKERS

Ben Gilbert
host
David Rosenthal
host

EPISODE SUMMARY

In this episode of Acquired, featuring Ben Gilbert and David Rosenthal, Standard Oil Part II (Extended Cut) explores rockefeller’s Standard Oil: philanthropy invention, antitrust showdown, breakup windfall legacy This episode covers Standard Oil’s post-1890 arc: legal evasions, intensifying public backlash, federal antitrust action, and the 1911 Supreme Court-ordered breakup into 34 companies.

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