The Prize: The Epic Quest for Oil, Money, and Power
What was the meeting at Achnacarry Castle about? Who was involved? What was the outcome?
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Deterding was joined by Heinrich Riedemann of Jersey Standard-Germany, Cadman of APOC, William Mellon of Gulf, and Robert Stewart of Indiana--as well as others--to discuss a formal treaty to end the price wars in Europe and Asia. They reached an agreement, known as "As-Is." The agreement assigned percentage shares of the market to each company and also share profits at an established rate.