A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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   Henry Clay Frick and the Carnegie Steel Company

Page entitled : A bid for Carnegie Steel

Content of this page is about :
The dilemma of the aging partners Frick and Phipps bound by the Iron Clad agreement, as Charles Schwab became president and Carnegie Steel made record profits year after year

Extract :
... Schwab, a talented manager with a congenial nature, was already a favorite of Andrew Carnegie, with whom he had personal relations. Thus it was no big surprise, when after Leishman’s departure, the still young man was selected to assume the presidency of the Carnegie Steel Company. In Charles Schwab, Carnegie had found  ...

 

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