Schwab, Charles Michael

Charles Michael Schwab (shwäb), 1862–1939, American steel magnate, b. Williamsburg, Pa. He started as a stake driver in Andrew Carnegie's steelworks and rose to become (1897) president of the Carnegie Steel Company and then the first president (1901) of the U.S. Steel Corp. He resigned (1903) to run the Bethlehem Steel Company, which under his direction became the largest independent producer in the field.

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Publication information: Article title: Schwab, Charles Michael. Encyclopedia title: The Columbia Encyclopedia, 6th ed.. © 2012 The Columbia Electronic Encyclopedia © 2012, Columbia University Press. Licensed from Columbia University Press. Used with the permission of Columbia University Press. All Rights Reserved. Publisher: The Columbia University Press. Place of publication: Not available. Publication year: 2013.

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