Standard Oil an "unreasonable" monopoly under the Sherman Antitrust Act, Section II. It ordered Standard to break up into 34 independent companies with different boards of directors, the biggest two of the companies were Standard Oil of New Jersey (which became Exxon) and Standard Oil of New York (which became Mobil). Standard's president, John D. Rockefeller, had long since retired from any management role. But, as he owned a quarter of the shares of the resultant companies, and those share values mostly doubled, he emerged from the dissolution as the richest man in the world. The dissolution had actually propelled Rockefeller's personal
Charles Miller (businessman) Charles Miller (businessman) Charles Miller (June 15, 1843 – December 21, 1927) was a Pennsylvania businessman, philanthropist and Major General of the Pennsylvania Army National Guard. He commanded the organization now known as the 28th Infantry Division and was a founder of the Galena-Signal Oil Company, which later became part of the Standard Oil combine, and then part of the corporations now known as Texaco and Valvoline. Charles Miller was born in Oberhoffen-sur-Moder, Alsace, France on June 15, 1843. His family immigrated to the United States in 1855, settling in Boston, New York. Miller began a business career by clerking