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Saturday, 26 November 2016

Big oil collides with a family fortune

Big oil collides with a family fortune:
"The Rockefeller name re­mains synonymous with the capitalist bludgeon of John D Rockefeller and Standard Oil, the 19th century monopoly that created one of the greatest fortunes in history. But, deep into the fifth generation, the money is still gushing along with a conscience and swagger rarely found in money this old.

It pops up in the unlikeliest places. The phenomenon of farm-to-table dining was nurtured and popularised at the Stone Barns Center for Food and Agriculture in Tarrytown, New York, funded by the Rockefellers and created out of their former dairy farm. Through Venrock, their venture capital firm, the Rockefellers have funded companies such as Intel and Apple — and more recently Nest Labs, which was sold to Google for $3.2bn, and the Dollar Shave Club, which Unilever bought recently for $1bn.

One of the greatest thrills of the Metropolitan Museum of Art in New York is the Michael C Rockefeller wing, housing art from Africa, Oceania and Central and South America. Michael was a scholarly collector of primitive art, who died at the age of 23 on an expedition to Netherlands New Guinea in 1961."

'via Blog this'