Word: schwab
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Dates: during 1950-1959
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Also elected were: Ulrich E. Kruse 1G, Physics; Basil Mott, Public Administration; Richard N. Schwab 2G, History; Richard C. Sterne 2G, English; Norman L. Thoburn 1G, Education; Joseph L. Tryon 2G, Economics; and Robert P. Wheatley 3Dv., Divinity. Diana Burn, Chemistry, was elected N.S.A. representative...
Quoting Richelieu and Shakespeare, Carnegie coached his 37-year-old protégé Charles M. Schwab on how to handle Morgan. In December 1900 at a private dinner, with Morgan among the guests, Schwab made a speech on the vast opportunities that lay ahead of American business. He said: "For instance, there is in the U.S. no one plant making steel cars exclusively. Instead of having one mill make ten, 20 or 50 products, why not have one mill make one product, and that continuously?" Morgan's imagination caught fire. He cornered the willing Schwab after dinner. Morgan...