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
Burn Standard Company it to pay the US group $90m (£45m). The amount due has already been paid after finalization of the arbitration and initiative taken by the Government of India. On the 4th of April 2018, the Government of India approved the liquidation of Burn Standard Company. Burn Standard Company Burn Standard Company Limited (BSCL) is a Public Sector Undertaking (PSU) of the Government of India. Headquartered in Kolkata, India, BSCL is engaged mainly in railway wagon manufacturing under the Ministry of Railways. On 4 April 2018, Cabinet approves closure of loss making Burn Standard Company Limited. . The company was formed