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John D. Rockefeller: A Character Study

A two-part write-around of the world’s only billionaire.

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He was a silent boy — a silent young man. With years the habit of silence became the habit of concealment. It was not long after the Standard Oil Company was founded, before it was said in Cleveland that its offices were the most difficult in the town to enter, Mr. Rockefeller the most difficult man to see. If a stranger got in to see any one he was anxious. "Who is that man?" he asked an associate nervously one day, calling him away when the latter was chatting with a stranger. "An old friend, Mr. Rockefeller." "What does he want here? Be careful. Don't let him find out anything." "But he is my friend, Mr. Rockefeller. He does not want to know anything. He has come to see me." "You never can tell. Be very careful, very careful." This caution gradually developed into a Chinese wall of seclusion. This suspicion extended, not only to all outsiders but most insiders. Nobody in the Standard Oil Company was allowed to know any more than was necessary for him to know to do his business. Men who have been officers in the Standard Oil Company say that they have been told, when asking for information about the condition of the business, "You'd better not know. If you know nothing you can tell nothing."

Reeves Wiedeman is a reporter at New York Magazine and the author of the new book Billion Dollar Loser.

“You get inside these companies and … you assume everything is running based on models and numbers and then you get inside and it’s just people. And sometimes they have MBAs and sometimes they don’t. … At the end of the day, whether you’re running a media company or an office space company, it’s all people making these decisions and they often do very strange, contradictory, and ultimately unsuccessful things.”

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On the Trail of an Intercontinental Killer

A little after 9 a.m. on Sept. 15, 1990, the owner of a steel-products company pulled up to her office in Vinegar Hill, near the Brooklyn Navy Yard, and spotted a black garbage bag sitting on the sidewalk out front. She parked her car and went to move the bag when she noticed it leaking blood. The woman called 911. Within the hour, Ken Whelan, a homicide detective from the 84th Precinct, peered into the bag. It was full of human body parts.

The Wrath of Putin

Putin v. Khodorkovsky:

Almost a decade ago, Mikhail Khodorkovsky, then the owner of the Yukos Oil Company and Russia’s richest man, completely miscalculated the consequences of standing up to Vladimir Putin, then Russia’s president. Putin had Khodorkovsky arrested, completely miscalculating the consequences of putting him in prison. During his eight years in confinement, Khodorkovsky has become Russia’s most trusted public figure and Putin’s biggest political liability. As long as Putin rules Russia and Khodorkovsky continues to act like Khodorkovsky, Khodorkovsky will remain in prison—and Putin will remain terrified of him.