Great American Business Leaders of the 20th Century
Charles M. Schwab
Bethlehem Steel Corporation
1904–1916
1904–1916
Bethlehem Steel Corporation
1904–1916
1904–1916
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.
Personal
- Born-Died: 1862–1939
- Birthplace: Pennsylvania
- Race: White
- Gender: Male
- Father: Farmer / Rancher