September 22, 2005
News & Opinion: Great Read
The company triumphed over the workers in this instance, busting the union and proceeding to enjoy massive productivity and profit gains over the next decade (without listing the wages of the laborer in step). Carnegie went on to become one of the worlds wealthiest men, a philanthropist who endowed more than 3,000 libraries, foundations, and so forth. Standiford does a terrific job showing that his late-life largesse was made possible only through a ruthless approach towards seeing labor as a fixed cost that should always be reducedan approach executed by the brilliant Frick, who went on to amass his own superfortune. For those interested in a smart, textured, history of a key time in American industry, this book will delight.
About Dylan Schleicher
Dylan Schleicher has been a part of the 800-CEO-READ claque since 2003. Even though he's stayed on at the company, he has not stayed put. After beginning in shipping & receiving, he joined customer service and accounting before moving into his current, highly elliptical orbit of duties overseeing the ChangeThis and In the Books websites, the company's annual review of books and in-house design. He lives with his wife and two children in the Washington Heights neighborhood on Milwaukee's West Side.