Charles Michael Schwab, 1862 - 1939
Born: 18 February 1862, Williamsburg, Pennsylvania
Died: 18 October 1939, London, England
After graduating from high school in 1880, Schwab went to work for Carnegie Steel as a "stake driver" in a mill. Within six months he had gone from unskilled labor to assistant plant manager, in 1887 he was superintendent of Carnegie's Homestead Works and president of Carnegie Steel ten years later. Schwab, no relationship to the discount stock brokerage firm, was the liaison between Carnegie and J. P. Morgan in the creation of U. S. Steel Corp in 1901 and then served as that firm's first president. Personality conflicts led him to leave three years later at which point he took over Bethlehem Steel, where he became known for motivating his workforce. He gambled on creating the H-Beam for construction in 1908, which made the modern high-rise building possible and put Bethlehem in first place in the industry.
Charles M. Schwab quotes:
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- A factory can be closed down, its chimneys smokeless, waiting for the worker to come back to his job, and all will be peaceful. But the moment workers are imported, and the striker sees his own place usurped, there is bound to be trouble. permalink
- A man can succeed at almost anything for which he has unlimited enthusiasm. permalink
- A man to carry on a successful business must have imagination. He must see things as in a vision, a dream of the whole thing. permalink
- After a man's position is assured, he can indulge in pleasure if he wishes. He will have lost nothing by waiting — and gained much. He will have made money enough really to afford to spend some, and he will know that he has done his duty by himself and by the world. permalink
- American industry is spilling over with men who started life even with the leaders, with brains just as big, with hands quite as capable. And yet one man emerges from the mass, rises sheer about his fellows; and the rest remain. permalink
- Bare hands grip success better than kid gloves. permalink
- Be friends with everybody. When you have friends you will know there is somebody who will stand by you. You know the old saying, that if you have a single enemy you will find him everywhere. It doesn't pay to make enemies. Lead the life that will make you kindly and friendly to every one about you, and you will be surprised what a happy life you will live. permalink
- Don't be afraid of imperilling your health by giving a few extra hours to the company that pays your salary! permalink
- Don't be reluctant about putting on overalls! permalink
- Everyone's got it in him, if he'll only make up his mind and stick at it. None of us is born with a stop-valve on his powers or with a set limit to his capacities, There's no limit possible to the expansion of each one of us. permalink
- For my own part I am more interested in my work than its mere money value. permalink
- I am not a believer in large salaries. I hold that every man should be paid for personal production. Our big men at Bethlehem seldom get salaries of over one hundred dollars a week; but all of them receive bonuses computed entirely on the efficiencies and the economies registered in their departments. permalink
- I am sure that few successful men are so-called 'natural geniuses.' permalink
- I consider my ability to arouse enthusiasm among men the greatest asset I possess. The way to develop the best that is in a man is by appreciation and encouragement. permalink
- I didn't take up shorthand with any idea of becoming a professional at it. It merely appeared to me to be a good thing to know — something that might come in handy. permalink
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