Daily Quote
Charles M. Schwab
Jea
2005. 2. 24. 16:42
The man who trims himself to suit everybody
will soon whittle himself away.
- Charles M. Schwab
Charles Michael Schwab was born at Williamsburg, Pennsylvania on this day in 1862. After graduating from high school in 1880 he 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, and in 1887 was superintendent of Carnegie's Homestead Works, then president of Carnegie Steel ten years later. Schwab, no relationship to the Charles R. Schwab of the 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 the firm's first president. Personality conflicts led him to leave three years later when he founded Bethlehem Steel, where he became known for motivating his workforce. When a plant engineer called his production goals crazy, Schwab told the man he'd pay off his mortgage when the furnaces reached his target; six months later the man owned his home outright. 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.
will soon whittle himself away.
- Charles M. Schwab
Charles Michael Schwab was born at Williamsburg, Pennsylvania on this day in 1862. After graduating from high school in 1880 he 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, and in 1887 was superintendent of Carnegie's Homestead Works, then president of Carnegie Steel ten years later. Schwab, no relationship to the Charles R. Schwab of the 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 the firm's first president. Personality conflicts led him to leave three years later when he founded Bethlehem Steel, where he became known for motivating his workforce. When a plant engineer called his production goals crazy, Schwab told the man he'd pay off his mortgage when the furnaces reached his target; six months later the man owned his home outright. 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.