In 1882, this new business organization was designed by Standard Oil. All shares of stock from participating companies were held for the company owners by a small number of trustees. The trustees established prices and divided markets, thus eliminating competition and financially disastrous price wars among the participating companies. Owners profited from better earnings, stockholders profited from better dividends, and trustees profited from the fees they collected. Before long, many industires adopted this form of business organization. But their growing power and influence led newspapers, politicians, and the public to increasingly attack these business organizations, especially Standard Oil.