No, not Charles R. Schwab the discount broker – Charles M. Schwab, the industrialist.
Charles M. Schwab was the first man in the United States to make a salary of one million dollars a year, while in the employ of Andrew Carnegie. Schwab’s motto was simple:
Be hearty in your approbation, and lavish in your praise.
How different this is than the common practice today of heaping on mockery, criticism, blame and sarcasm. Now I can’t promise you that if you take Schwab’s advice to heart that you too will make a million dollars a year, but I can tell you it will make you a more likable, pleasant person to be around. Why not try it?
