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Charles Schwab
Date: 1862 - 1939
Remarks: Charles was the son of John A. and Pauline (Farabaugh) Schwab. At 35, Schwab became president of the Carnegie Steel Company. In 1901, when the Carnegie and Morgan properties merged to form the United States Steel Corporation, Schwab was named president. After resigning in 1903, he became president of the Bethlehem Steel Corporation, and under his leadership it became one of the world's leading steel producers. Despite his great fortunes (at one time estimated at 200 million dollars) he died impoverished as a result of bad investments and the Depression.