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The turning point in Schwab's career came with the formation of U.S. Steel, which emerged from a daring merger orchestrated by Schwab and other industrial heavyweights in 1901. Under his guidance, Bethlehem Steel would become a transformative player in the steel industry, influencing the skyline of modern America. Its revolutionary H-beam design played a pivotal role in the constructions of iconic edifices, marking Schwab as a visionary who advanced both technology and infrastructure.
However, what distinguished Schwab was not merely his business acumen but his extraordinary capacity to connect with his workers. He implemented profit-sharing programs that made employees feel like stakeholders in a burgeoning empire, a groundbreaking approach reflecting his belief in worker welfare.