Founders · Jan 23The Autobiography of Andrew Carnegie
Its managers netted $60 million in one year soon after the purchase of Carnegie's company.
Tips
- Carnegie moved from iron to steel before rivals and rode it to $40 million a year▶ 49:40Profits reached $40 million per year, and his successors at United States Steel netted 60 million in one year soon after the purchase.
- Carnegie sold to J.P. Morgan for $480 million and later said he sold too cheap▶ 50:34Per the House of Morgan story the host cites, Carnegie said he undersold by 100 million.
