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Founders: #284 Andrew Carnegie and Henry Clay Frick

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What I learned from rereading Meet You in Hell: Andrew Carnegie, Henry Clay Frick, and the Bitter Partnership That Changed America by Les Standiford. ---- Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes ---- Follow one of my favorite podcasts Invest Like The Best and check out these great episodes: #137 Bill Gurley: All Things Business and Investing#88 Sam Hinkie: Data, Decisions, and Basketball#204 Sam Hinkie: Find Your People — [0:01] Frick had been the man Carnegie trusted above all others to manage the affairs of Carnegie Steel. [2:00] Carnegie had delegated the job of holding the line on wages and other demands to Frick—a Patton to Carnegie's FDR. [3:00] The Autobiography of Andrew Carnegie by Andrew Carnegie. (Founders #283) [5:00] Here's a starter pack of essentials for Day 1 defense: customer obsession, a skeptical view of proxies, the eager adoption of external trends, and high-velocity decision making. —Jeff Bezos’s Shareholder Letters (Founders #282) [7:00] In less than half a century the United States had been transformed―from a largely agrarian and underdeveloped federation of competing interests, to a rela

[00:00:00] One of America's wealthiest men, his holdings valued at more than $100 billion in today's dollars, sat up in his sickbed in his Manhattan home and called to one of his caregivers for a pen and paper. Andrew Carnegie, 83, once the mightiest industrialist in all the world, was now an influenza-ravaged man. He took up his pen and began to write as if possessed. When he was finished, he summoned to his chambers his longtime personal secretary, James Bridge. Take this to Frick, Carnegie said, as he handed the letter to his old confidant. [00:00:36] It would have been enough to snap…

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