The Transformation of Bethlehem Steel, 1904-1909*

Robert Hessen

Business History Review, 1972, vol. 46, issue 3, 339-360

Abstract: Charles M. Schwab's aggressive and innovative leadership of Bethlehem Steel early in this century made that firm a success. To some extent, however, the growth of Bethlehem was made possible by the conservative strategy of E. H. Gary's giant U.S. Steel. The dominant firm's willingness to tolerate the loss of a portion of its sales to smaller rivals made their survival and expansion easier than would have been the case in a more vigorously competitive environment.

Date: 1972
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