Samuel C. T. Dodd

Standard Oil Trust Formed - First Modern Corporate Monopoly Structure

1882-01-02 00:00:00 +0000 UTC | Importance: 10/10

On January 2, 1882, John D. Rockefeller and 40 other investors signed the Standard Oil Trust Agreement, creating the first modern corporate monopoly structure that controlled 90% of American oil refining. The trust pooled securities from 40 companies under nine trustees—John and William Rockefeller, …

John D. Rockefeller Standard Oil Company Henry Flagler Samuel C. T. Dodd William Rockefeller corporate-power monopoly trust-formation gilded-age institutional-capture

Standard Oil Attorney Develops Trust Legal Innovation to Circumvent Anti-Monopoly Laws

1879-01-01 00:00:00 +0000 UTC | Importance: 9/10

Samuel C. T. Dodd, chief attorney for Standard Oil Company, developed a revolutionary legal structure in 1879 that adapted the common law instrument of a trust to create the modern business trust, circumventing Ohio’s anti-trust laws and state restrictions on interstate corporate ownership. …

Samuel C. T. Dodd John D. Rockefeller Standard Oil Company corporate-power legal-innovation regulatory-evasion institutional-capture trust-formation