1. With reference to the levels and spheres of corporation power discussed in this chapter, I think that economic, cultural, and political power of Standard Oil has led to major changes in society. On page 79 the book states, “Rockefeller Company was capitalized at $70 million and produced 90% of the nation’s refining output.” This boosted the American economy and eventually cars came along and this fueled the auto industry. The power of Standard Oil enhanced living standards in America and made living more efficient.
No the power was not exercised in keeping with the social contract to Rockefeller’s era. Rockefeller used unethical methods in running his business. The book states multiple examples of Rockefeller being unethical in his business practices. “The intelligence gathering network paid competitor’s employees to pass information to Standard Oil,” as stated in the book. Rockefeller did this for his own personal gain and self-interest.

2. “Business power is the force behind an act by a company, industry, or sector,” as stated in the book. Rockefeller prevented his competitors from getting into the oil market which lead to Rockefeller controlling the market. The book says, “its basic origin is a grant of authority from society to convert resources efficiently into needed goals and services.” Rockefeller did convert his resources and did what he needed to reach his goals, but he did this with an unethical approach.
I would say Standard Oil illustrates the dominance theory. The company was more focused on their own assets and self-interests, rather than the welfare of the society. Rockefeller controlled most of the oil business in the U.S., which shows dominance.

3. In his time Rockefeller didn’t act unethical because the laws back then were much different and less harsh compared to how the laws are today. If it was during this time period he would be considered unethical. I think there are some contradictions between his personal and business ethics. He did help a lot of people but he hurt others to get his monopoly. He was a devout Christian to keep his own sanity, but at the same time he was greedy.

4. In the utilitarian sense the Standard Oil Company was a net plus. The Standard Oil Company did more good for society as a whole and was very useful, compared to the negative things the company did to society. On a balance, I believe it met its responsibilities for society. Therefore the positives outweighed the negatives.

5. The Standard Oil Company did encourage unethical behavior by the tactics used. I do not think it was possible for Rockefeller to fulfill his vision by using “nicer” tactics. I believe he did what he had to do to fulfill his vision.