Charles M. Schwab

I will not be in the position of having management dictated to by labor.

Labor should be recognized as entitled to consult with management in the mutual interest. Labor cannot be driven, and business cannot be successful unless the men employed in it are enthusiastic and loyal. That loyalty cannot be obtained with a big stick; it must be based upon fair dealing and sympathy.

A man, to carry on a successful business, must have imagination. He must see things as in a vision, a dream of the whole thing. A man can cultivate this faculty only by an appreciation of the finer things in life.

A man to carry on a successful business must have imagination. He must see things as in a vision, a dream of the whole thing.

If you are going into any manufacturing establishment, don't go there by reason of any influence you may have. Start upon your own merits, and start in some lowly position, no matter what it is. Be a laborer, if you will. I don't know but that is the best way to start.

The fundamental principles of prosperity in every country are so well understood that they need but little if any discussion. They are so simple that with the proper cooperative action the American people collectively can easily place this wonderful country of ours in the position that it is so well qualified to hold among the nations of the world.

I was once asked if a big business man ever reached his objective. I replied that if a man ever reached his objective he was not a big business man.

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 efforts of any other man.

The real test of business greatness is in giving opportunity to others. Many business men fail in this because they are thinking only of personal glory.

Here I am, a not over-good business man, a second-rate engineer. I can make poor mechanical drawings. I play the piano after a fashion. In fact, I am one of those proverbial Jack-of-all-trades who are usually failures. Why I am not, I can't tell you.

Many men fail because they do not see the importance of being kind and courteous to the men under them. Kindness to everybody always pays for itself. And, besides, it is a pleasure to be kind.

My own idea is that if the men hold any meetings or attempt to form any organization, we should be prepared to be fully informed of all that goes on and unhesitatingly discharge any men connected with this movement. In this way, our peace will be secure for a long time, and it will be easily done if taken at the start.