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In the 1880s, however, Wall Street began to build a market in “industrial” securities, essentially shares in businesses other than railroads and banking. While public markets offered greater financing flexibility for big companies, they multiplied record keeping and correspondence requirements. Ironically, it was that most inward-focused of
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Small Business Man
Bailey Bishop • 1 card
Gould did not take a title, but had a seat on the executive committee and had four additional board seats, which he filled with his brokers.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
According to Ivar, by 1932 he had 225 subsidiaries. He had operations in every civilized country except Russia, and he manufactured three-quarters of the world’s matches. Ivar had secured match monopolies in twenty-four countries. During seven years, he had loaned almost 300 million dollars to European governments. Ivar’s loans had helped borrower
... See moreFrank Partnoy • The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
Finally, one further consequence of the shift to bigger, more bureaucratized companies was a radical restructuring of the relation between workers and bosses.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
In a matter of months, Meriwether and his colleagues had lost nearly $2 billion of personal wealth, marks on their careers they would never erase.
Gregory Zuckerman • The Man Who Solved the Market
Peter Kulseth
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