JP Morgan: First Billion Dollar Company | The Valuation School
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YouTubeThe Valuation School
JP Morgan: First Billion Dollar Company | The Valuation School
How did one deal create the world’s first billion-dollar company? In 1901, J.P. Morgan bought Andrew Carnegie’s steel empire for $480 million and turned it into U.S. Steel, the first billion-dollar corporation in history. But the real story is how Morgan used “Morganization” to turn competition into a monopoly And more importantly Why ...
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