Charles M. Schwab
Charles M. Schwab
Charles Michael Schwabwas an American steel magnate. Under his leadership, Bethlehem Steel became the second largest steel maker in the United States, and one of the most important heavy manufacturers in the world...
NationalityAmerican
ProfessionBusinessman
Date of Birth18 February 1862
CountryUnited States of America
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Bare hands grip success better than kid gloves. Be thorough in all things, no matter how small or distasteful! The man who counts his hours and kicks about his salary is a self-elected failure.
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The Bethlehem profit-sharing system is based on my belief that every man should get exactly what he makes himself worth. This is the only plan I know of which is equally fair to the employers and every class of employee. Someday, I hope, all labor troubles will be solved by such a system.
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I mention the need of cooperation and confidence among the men who work, no matter what may be their relative ranks, because it is the vital factor underlying everything. Only as we are willing to work today, work as we never have worked before, will civilization survive.
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I'm making better than two million a year, but it's hard work. The luxuries and pleasures I enjoy in my spare time keep me in condition to do that work. Carnegie and Frick have more money than I have, but I'm getting more value for my dollars than they are.
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If I were asked to say the most important things that lead to a successful life, I should say that, first of all, was integrity - unimpeachable integrity.
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To my mind, the best investment a young man starting out in business can possibly make is to give all his time, all his energies, to work - just plain, hard work.
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There is nothing a worker resents more than to see some man taking his job. 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.
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Concentrate and think upon the problem in mind until a satisfactory conclusion is reached, and then finally go ahead. If you have made a mistake, all right. Never find fault with a man because he has made a mistake. It is only a fool that makes the same mistake the second time.
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Did you ever stop to think that a great man in life who has won great acclaim and great reputation is the very man who is willing to share and give the honor to others in the doing of things that made him great?
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Any man who goes into anything in life and does it better than the average will have a successful life. If he does it worse than the average, his life will not be successful. And no business can exist in which success cannot be won on that basis.
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The supreme need of the world is peace and good will among men. It must be peace founded upon justice and fairness, the righting of past wrong, and the securing of the future as far as possible against the evils of the past.
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Our efforts must be bent in the direction of convincing the great mass of working people of this country of the necessity of our winning and retaining our place in business and commerce. That place can be won only through the workers' own efforts and through their own efficiency.
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Men make opportunity. Every great industrial achievement has been the result of individual effort - the practical development of a dream in the mind of an individual.
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I became interested, through reading the works of some novelist, in Egyptology and made a study of the pyramids. It was just a hobby, but I had a desire to know all I could about everything I could.