Founders Notes: Henry Clay Frick
Henry Clay Frick Quentin R. Skrabec, Jr. Frick was human, not evil, and his life demonstrates many shortcomings found in all of us. (Page 3) Frick had both saintly and evil attributes. While labeled a "robber baron," he believed in playing fair to amass his millions. Contemporaries admired Frick for his ethical and straightforward business dealings. Enemies and friends preferred to deal with Frick because he was trustworthy. (Page 4) Now as a business professor, I can also see the organizational genius of Frick as well. (Page 5) He viewed himself as a type of financial gladiator going to the arena each day. In that arena, victory was the only goal and it dominated his focus. Frick was a cold and calculating fighter. (Page 11) In December of 1915, when the bankruptcy of Pittsburgh Savings caused 40,000 schoolchildren to lose $130,000 (about $1.5 million today) of their school's dime savings plan, Frick repaid them all in time for Christmas. (Page 12) He believed in survival of the fittest as the operative rule in business. (Page 15) In many ways making money was an intellectual game for him. Having money was simply a result of playing the game well. Stealing money or winning the lot
Henry Clay Frick Quentin R. Skrabec, Jr. Frick was human, not evil, and his life demonstrates many shortcomings found in all of us. (Page 3) Frick had both saintly and evil attributes. While labeled a "robber baron," he believed in playing fair to amass his millions. Contemporaries admired Frick for his ethical and straightforward business dealings. Enemies and friends preferred to deal with Frick because he was trustworthy. (Page 4) Now as a business professor, I can also see the organizational genius of Frick as well. (Page 5) He viewed himself as a type of financial gladiator going to…
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