this post was submitted on 11 Jun 2026
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Local Brand Realizes Customers Hate Its AI Ads, Switches to Charming Homemade Ones Instead (www.yahoo.com)
submitted 4 weeks ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] LovableSidekick@lemmy.world 1 points 2 weeks ago* (last edited 2 weeks ago)

Depends on what you mean by "recently". Think Rockefeller, Getty, Rothschild, Carnegie, Vanderbilt, Morgan... all the classic mega-wealthy families were built around companies with one man at the top, who made or approved all major decisions and either owned the company outright or had a dominant majority share. That didn't really change until around the 1930s. Modern corporate structure with distributed participation made it possible to get extremely wealthy without starting or inheriting your own company.