The new blue chips produce and deploy data and bits through a network to serve their customers’ and their shareholders’ needs — much as GM and Ford produced cars and trucks to meet commuters’ and farmers’ needs last century.
Today, the du Ponts, Rockefellers, Mellons or Morgans don’t control the most chips any more. It’s the Jeff Bezos-Mark Zuckerberg-Sergey Brin bunch — and, of course, the late Steve Jobs would be included if he were still with us.
If you combined the nation’s two largest banks, JPMorgan and Wells Fargo, you still are $50 billion short of the market value of Google. Those two banks control trillions of dollars, making Google’s 40-something co-founders Brin and Larry Page even richer and more powerful.