![]() ![]() Ĭarnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on building local libraries, world peace, education, and scientific research. Rockefeller as the richest American for the next several years. After selling Carnegie Steel, he surpassed John D. ![]() He built Pittsburgh's Carnegie Steel Company, which he sold to J. He accumulated further wealth as a bond salesman, raising money for American enterprise in Europe. Carnegie started work as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. His 1889 article proclaiming " The Gospel of Wealth" called on the rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax, and stimulated a wave of philanthropy.Ĭarnegie was born in Dunfermline, Scotland and emigrated to Pittsburgh, United States with his parents in 1848 at age 12. During the last 18 years of his life, he gave away around $350 million (roughly $5.9 billion in 2022), almost 90 percent of his fortune, to charities, foundations and universities. He became a leading philanthropist in the United States, Great Britain, and the British Empire. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. (uncle)Ĭarnegie as he appears in the National Portrait Gallery in Washington, D.C.Īndrew Carnegie ( Scots:, English: / k ɑːr ˈ n ɛ ɡ i/ kar- NEG-ee November 25, 1835 – August 11, 1919) was an American industrialist and philanthropist. Carnegie (brother) George Lauder (first cousin) George Lauder Sr. “We’re watching the economy and watching our orders every week and we’ll adjust as appropriate, but right now we see the volume as supportive of the employment level that we have,” CEO Joe Hinrichs said.Thomas M. So the railroad continues hiring and even though the pace has slowed, CSX still has more than 900 additional employees compared to last year. But a 21% jump in automotive shipments provided a meaningful boost to the railroad.ĬSX executives seemed more concerned with preserving and improving good service than the prospect of a possible recession because several categories of freight they handle are still strong. The total number of shipments CSX delivered slipped 3% in the quarter as it handled 10% fewer intermodal shipping containers. ![]() That was in line with what analysts surveyed by FactSet Research expected. Last year, CSX reported earnings of $1.18 billion, or 54 cents per share. ![]() That’s down 15% from a year ago when the Jacksonville, Florida-based railroad’s results were helped by a $122 million land sale. (AP) - Fewer shipping container deliveries this spring hurt CSX railroad’s second-quarter profit and offset a sharp increase in shipments of automobiles, but executives remain optimistic about the economy.ĬSX said Thursday that it earned $996 million, or 49 cents per share, during the second quarter. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |