answersLogoWhite

0

He was a generous benefactor of Columbia, Harvard, Bryn Mawr, Spelman, Denison, and Yale.

User Avatar

Wiki User

9y ago

What else can I help you with?

Continue Learning about Philosophy

Is Will Tzevakos king sh!t?

It is not appropriate to use that language to describe others. Let's try to be respectful in our discussions.


Was John D Rockefeller a villain?

Rockefeller was such a paradox, with a deep commitment to his Christian faith and charity yet with the driving force to achieve his business objectives. Growing up with an unreliable, dissolute father, young John fed his mother and siblings by working a smallholding where he learned a vital lesson. He could grow a business by borrowing money and making it work for him. When he saw the opportunity presented by oil, he sprung into action, speedily enacted his strategic planning by A) borrowing money, and B) establishing a three-man control group including himself. Moving swiftly his group recruited more high performing managers then used them to expand the growing corporation often by buying competitors Conscious that overproduction could cause a glut and an unstable market he sought a balance by exporting to Europe. By creating the first-ever multiskilled multilayered corporation he virtually controlled the growing petroleum industry. Without his control, the industry would almost certainly have lurched from glut to shortage with unstable pricing and equally unstable supply. By outstanding efficiency and management, the Rockefeller team succeeded in providing the best service and a product which could light a small room of as little as one cent per hour. It is true in that any large company with many layers of staff that field salesmen far removed from top-down management will sometimes try to bend the rules to win their own commission. As Rockefeller admits in his ‘Random Reminiscences, “ the ideal way is to recruit from within the companies service, but our expansion was too rapid to permit this in all cases. Some of these were overzealous in going after sales by acting in violation of the wishes of the company. John D was aware of a public perception that he was driven by greed and had this to say in his ‘Random Reminiscences: “You hear a good many people…. say much about greed…. To lay too much stress upon the reports of greed would be folly. It is by no means for money alone that these active-minded men labour, they are in a fascinating occupation. It is unarguable that many dishonest and greedy corporations behaved extremely badly and earned a blanket reputation for unfettered capitalism but there were many ethical hard-working entrepreneurs who brought credit to themselves and their industries. These would include Commodore Vanderbilt who shone in the steamship industry, also James J Hill one of the few successful railroad operators, Charles Schwab in the steel industry, Andrew Mellon and his financial entrepreneurship and of course John D Rockefeller. Many commentators remember only that Rockefeller made a vast fortune often without analysing that his success was largely based on brilliant foresight and management. Few would have quibbled with his largesse in distributing this wealth. Before he died he had gifted nearly $600 million more than any other American. What spoke most highly of his imagination was how these funds were invested, not in charity handouts but through carefully picked teams of scientists and social workers, They created the Rockefeller Institute for Medical Research and would discover cures for yellow fever, meningitis, hookworm, the boll weevil and many other evils, earning Nobel prizes for several of his team and sharing their discoveries worldwide.


Which quote best expresses John Muir's philosophy?

"When we try to pick out anything [in nature] by itself, we find it hitched to everything else in the universe."


How did Socrates try to teach others?

Socrates used a method called the Socratic method to teach others. This involved asking questions to help people think critically and discover knowledge for themselves. He believed in engaging in dialogue and challenging assumptions to promote learning and self-discovery.


What is the meaning of significant life?

The meaning of a significant life can vary from person to person, but generally speaking, it involves living with purpose, fulfillment, and making a positive impact on others or the world. It often includes pursuing one's passions, forming meaningful connections, and leaving a legacy that is meaningful to the individual.

Related Questions

What city did john Calvin try to make a good example of?

In Florence


How and why did Rockefeller try to improve kerosene?

John D. Rockefeller sought to improve kerosene by investing in refining processes to remove impurities and create a higher-quality product. This allowed Standard Oil, the company he founded, to dominate the kerosene market and offer a cleaner, more efficient source of lighting fuel. By improving kerosene, Rockefeller aimed to increase his company's profits and gain a competitive advantage in the oil industry.


Is DoomsDayDan97 A Good Gamer-Tag?

If you think it fits you then yeah, if not, then try out others.


Is starwars the old republic a good game?

It is not a good game to others and to some it is, but you must try it out for yourself to see....Good luck.


Is life a game a game were you try not to die?

Good question. In some ways, it is, and in others, it is not.


What are some good books regarding Mutual Fund trading?

try 'common sense on mutual funds' by john bogle. it was the first one i read and there seems to be a lot of sense to what he says. haven't read any others though so can't compare try 'common sense on mutual funds' by john bogle. it was the first one i read and there seems to be a lot of sense to what he says. haven't read any others though so can't compare


Why does John Lennon lay in his bed when he plays his guitar?

Because it feels good, you should try it.


HOW TO BE GOOD IN FORTNITE EVEN IF YOU ARE A DEFAULT?

be patient and humble. try to tolerate yourself and respect others


Should you wear underwire bras?

they are good for some women and not for others. You will have to try one on to find out if it is right for you.


Where can you find John Deere manuals online?

e-Bay is a good bet, either that or try www.deerelydeparted.com


What is a good song for John Quincy Adams?

Electric Needle Room's song about him...try the related link.


Why did Rockefeller try to gain ownership of stock in other oil companys?

He wanted complete monopoly on the American oil industry.