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In this book the author goes deep inside ExxonMobil Corp, the largest and most powerful private corporation in the United States. He investigates the notoriously secretive ExxonMobil Corporation, revealing the true extent of its power. ExxonMobil's annual revenues are larger than the economic activity
… More »In this book the author goes deep inside ExxonMobil Corp, the largest and most powerful private corporation in the United States. He investigates the notoriously secretive ExxonMobil Corporation, revealing the true extent of its power. ExxonMobil's annual revenues are larger than the economic activity in the great majority of countries, equivalent to the GDP of Norway. In many of the countries where it conducts business, ExxonMobil's sway over politics and security is greater than that of the United States embassy. In Washington, ExxonMobil spends more money lobbying Congress and the White House than any other corporation. Yet despite its outsized influence, it is a black box.
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Add a CommentNegative rating for lack of valid scholarship and research: Coll, the president of the New America Foundation (principally funded by Peter G. Peterson's Peterson Foundation [protege of David Rockefeller, his mentor] and the Pew Charitable Trusts [the oil company people]), passes on the popular mythology that Rockefeller's Standard Oil was really broken up into 34 individual companies. As we know from John Moody's "The Masters of Capital" this was only broken up on paper, and from various other sources we know that holding companies were created, stocks were transferred to them, obfuscating the true ownership or lack of actual divestiture. We also know how this was done, thanks to William C. Moore's "Wall Street" which explains that Standard Oil was traded in the Curb Market then (not the New York Stock Exchange) thus making opaque the ownership of their assets during this so-called break-up. Coll can't or won't tell us the real ownership of ExxonMobil, because he's paid not to. (ExxonMobil is essentially Standard Oil, only bigger and more powerful today.)