John D. Rockefeller is infamous in the business world for having a monopoly on the oil industry. The breakup of his company, Standard Oil, in 1911 by the Supreme Court solidified his place in business history. Known for his cutthroat tactics, Rockefeller commonly undercut his competitor’s prices and drove them out of business, using tactics such as bribery, physical threats, and sabotage (Wooten 34). Rockefeller’s organized efficiency made it hard for any competitor to keep up. By the 1870s, Standard Oil owned between 90 and 95 percent of the country’s refineries (Brands 87). But despite the fact that he remains one of the most hated businessmen of all time, John D. Rockefeller’s success came because his skills as a business administrator helped him eliminate inefficiencies within the industry.
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