4min chapter

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#75 Henry Clay Frick: Andrew Carnegie's Partner

Founders

CHAPTER

Just Because You Can Do Something Doesn't Mean You Should

A mining industry study in 1884 showed how much the company stores were really a company abuse. The state survey of coal companies showed that around 20% of a coal company's profits were attributed to the company store. Frick had truly invented a major side business with over 15 general stores by 1884, excuse me. I was saying give it away. And you're already going to make enough money without gouging your employees. It's just a way to get some of the wages that you're paying back to you.

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