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Quote by John D. Rockefeller

“Many of the deficiencies of our economic system could be alleviated if ways were found to broaden the ownership of the means of production... This has happened in some companies through ESOPs. Successful approaches of this sort would pay dividends in terms of employee commitment and morale. And they would not deprive anyone of his present holdings since they are based on future growth.”

Quote by John D. Rockefeller

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John D. Rockefeller
John D. Rockefeller

John D. Rockefeller, born on July 8, 1839, and died on May 23, 1937, was one of the most famous industrialists and philanthropists in American history. He was renowned for his immense influence in the oil industry. Rockefeller founded Standard Oil, which later became one of the largest oil companies in the world. His business strategies and philanthropic endeavors had a profound impact on the economic and social development of the United States in the 20th century. more

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