- Great American Business Leaders of the Twentieth Century
Charles M. Schwab
Bethlehem Steel Corporation
1904 - 1916
Metals
b. 1862
| Personal | |
|---|---|
| Born-Died | 1862 - 1939 |
| Birthplace | Pennsylvania (PA) |
| Race | White |
| Father | Farmer / Rancher |
Though Bethlehem was originally spun off from U.S. Steel, Schwab positioned the company to become a major competitor of its former parent. Under Schwab’s leadership, Bethlehem was a large supplier for Allied Forces in World War I, filling orders to the tune of $500 million throughout the conflict. Schwab’s other achievements include the establishment of a profit sharing plan for Bethlehem employees and the creation of a unique leadership hierarchy that afforded lower managers much independence and greater pay.