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Charles M. Schwab

Bethlehem Steel Corporation

1904 - 1916


1900 b. 1862
Born-Died1862 - 1939
BirthplacePennsylvania (PA)
FatherFarmer / Rancher
Era - 1900

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.