Bethlehem Quotes
Voices from the age of American steel.
These quotes trace a personal history with Bethlehem Steel, from a first summer job at sixteen to building a profit-sharing system meant to reward workers fairly. It ties into the themes in Business quotes.
I started working for Bethlehem Steel when I was about 16 during the summers.
There was a guy by the name of Charles Schwab: actually, Charles M. Schwab. I read a lot about him, and I always hoped I was related, but I wasn't. He was a steel magnate. He worked for J.P. Morgan;...
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The Bethlehem profit-sharing system is based on my belief that every man should get exactly what he makes himself worth. This is the only plan I know of which is equally fair to the employers and every class of employee....
In our works at Bethlehem and San Francisco, and all over the United States, I adopted this system: I pay the managers practically no salary. I make them partners in the business, only I don't let them share in the...
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What is the Bethlehem profit-sharing system?
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The underlying belief is that partnership, not just salary, is what builds loyalty inside a company. For more on long careers built from the ground up, browse About quotes.
