Evidence receipt / evaluation
Published · transcript-backedDavid Rosenthal: evaluation
18 Oct 2021 Acquired Standard Oil Part II
“Because his mafia cronies, Archbold and Flagler, I think Flagler was gone at this point, but they kept raising the dividend against his wishes.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 18 Oct 2021
- Publisher
- Acquired
- Episode
- Standard Oil Part II
Transcript context
…He basically never sold shares. He was always a buyer from other people. Anytime he had a dispute with a partner or another board member, I'll buy you out. Because his mafia cronies, Archbold and Flagler, I think Flagler was gone at this point, but they kept raising the dividend against his wishes. He was getting this geyser of cash every year, and that was financing all the philanthropy and whatnot, so yeah, he wasn't selling. He still owns a quarter of this dang thing. When the breakup happens, it's broken up into 34 companies, Standard Oil of New Jersey, the main one, but then all the other operations in the various states and refining and whatnot are separated out. When they get separated out, I'm pretty sure they become publicly traded companies. The financials, the books get opened and people can see what ludicrously good businesses these are.…
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