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#73 Andrew Carnegie and Henry Clay Frick: The Bitter Partnership That Changed America

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NOTE

Share Wealth to Honor Humanity

In high-risk industries, where employee hardships are significant, it is crucial for business leaders to share their wealth with employees who contribute to their success. Striking a balance between controlling costs and recognizing human dignity is essential. Overly prioritizing cost-efficiency can lead to negative consequences, such as poor public perception and employee dissatisfaction. Successful leaders understand that rewarding employees not only fosters goodwill but also mitigates backlash. Ultimately, maintaining a middle ground between rational business practices and emotional intelligence is necessary to build a sustainable and ethical enterprise.

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