Although the tycoons did engage in conduct that both inspired enactment of and later required enforcement of the antitrust laws, Mr Morris suggests that their legacy included those objective conditions for prosperity, persisting despite policymakers and management consultants alike putting too much faith in Mr Taylor's "scientific management" rather than Mr Holley's induced innovation.
The appendix inadvertently pays tribute to yet another wrong lesson. Consider this passage.
The Carnegie Co. was a holding company formed in April 1900, comprising:Tyranny of the four-bullet slide, forsooth. As an exercise, rewrite that as a single paragraph without colons, maintaining proper sentence structure.
- The Carnegie Steel Co., its dominant property, plus other holdings previously held on the books of the Steel Co., including
- The Frick Coke Co. The Steel Co. previously held a 29.55% interest in the Coke Co., but the Carnegie Co. bought out the other shareholders shortly after it was organized, so its interest increased to 100%.
- A five-sixths interest in the Oliver Mining Co., which held large ore leases in the Mesabi ore range.
- A variety of railroads, steamship lines, and Great Lakes docks, many of them newly developed and used primarily by the Carnegie subsidiaries.