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#63 The King of Oil: The Secret Lives of Marc Rich
Founders
Mark Riching Company - The Oil Shock of 1974
Mark Riching was a commodity trader who wanted to go into business for himself. In 1974 the company's first fiscal year, it had to turn over more than $1 billion while weeping in net profit of $28 million. Mark Riching Company operated according to a completely different philosophy than did Phillips Brothers. "We're going to learn a lot of good ideas from their experience that we can then take and use in our own lives," he says.
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