Henry Clay Frick: CEO Of The H. C.

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Henry Clay Frick was an American industrialist, financier, union-buster, and art patron. He founded the H. C. Frick & Company coke manufacturing company, was chairman of the Carnegie Steel Company, and played a major role in the formation of the giant U.S. Steel steel manufacturing concern. He also financed the construction of the Pennsylvania Railroad and the Reading Company, and owned extensive real estate holdings in Pittsburgh and throughout the state of Pennsylvania. He later built the historic neoclassical Frick Mansion and at his death donated his extensive collection of old master paintings and fine furniture to create the celebrated Frick Collection and art museum. He was known by his critics as "the most hated man in America".…show more content…
Frick's father, John W. Frick, was unsuccessful in business pursuits. Henry Clay Frick attended Otterbein College for one year, but did not graduate. In 1871, at 21 years old, Frick joined two cousins and a friend in a small partnership, using a beehive oven to turn coal into coke for use in steel manufacturing, and vowed to be a millionaire by the age of thirty. The company was called Frick Coke Company. in 1881, Frick met Andrew Carnegie in New York City while the Fricks were on their honeymoon. This meeting resulted in a partnership between H. C. Frick & Company and Carnegie Steel Company, and was the predecessor to United States Steel. This partnership ensured that Carnegie's steel mills had adequate supplies of coke. Frick became chairman of the company. Carnegie made multiple attempts to force Frick out of the company they had created by making it appear that the company had nowhere left to go and that it was time for Frick to retire. Despite the contributions Frick had made towards Andrew Carnegie's fortune, Carnegie disregarded him in many executive decisions including…show more content…
The club members made inadequate repairs to what was at that time the world's largest earthen dam, behind which formed a private lake called Lake Conemaugh. Less than downstream from the dam sat the city of Johnstown. Cambria Iron Company operated a large iron and steel work in Johnstown and its owner, Daniel J. Morrell, was concerned about the safety of the dam and the thoroughness of repairs made to it. Morrell had even sent his own engineer to inspect the site but little was done in the long run to satisfy his concerns and the matter was largely dropped after Morrell's death in the

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