United States Steel: A Corporation with a SoulCotter, Arundel
History
United States Steel: A Corporation with a Soul
Cotter, Arundel
United States Steel Corporation
Especially did he devote himself to the solution of the problems
growing out of the relationship between capital and labor. He was
prominent in the profit-sharing plan which is now in vogue in the
Steel Corporation and which has been so largely followed by many other
industrial concerns in the past seventeen years. He also gave much
of his time to spreading the gospel of coöperation in the business
world. As long ago as February, 1908, he began making public addresses
on the necessity for such coöperation, claiming that the many modern
improvements in inter-communication and the enlightenment of the
people through our broad system of education had brought us to a point
where the old destructive, competitive methods in business had to be
abandoned and a more humane and enlightened order of things take their
place. He delivered many addresses throughout the country on these two
favorite themes, profit-sharing and coöperation.
As already suggested Perkins’ course in breaking off his business
career apparently at its zenith and devoting the prime of his life to
the betterment of the lot of the worker with his hands and the general
welfare of the community was regarded with suspicion by many, and his
motives were questioned. Of the influence that guided his course let
him speak for himself.
“My father,” he said, “was deeply interested in social service and
settlement work, and, as a boy, my Sundays were spent not in merely
going to Sunday-school but in rounding up the poor boys of the
neighborhood for classes, etc. Later, my experience selling life
insurance brought me closely in touch with the needs of the people,
and even when I became affiliated with the Morgan firm my work as an
organizer was the human end of the job. My inheritance from my father
and my own life work both kept me in touch with “all things human.”
Isn’t it only natural that I should take a deep interest in what you
might call human work?
“I don’t claim credit for this. In fact, I don’t see how, with my
experience, it could have been otherwise. It became, if you will, my
hobby which I gratified as soon as I was able to.
“When a man approaches fifty years of age and finds he has enough money
to meet his wants for the rest of his life and to take care of those
for whom he should naturally provide, the question that presents itself
is: what am I going to do with the remainder of my life? Whatever I do
in the way of work will have to be left behind me in the world. Shall
I work to accumulate more money and leave that, or shall I work for
certain definite objects that I believe are worth while, and leave the
results of that work behind me? I simply chose the latter course.”
OTHER “MEN OF THE CORPORATION”
Public-domain text, read in full here on John Shaqi.
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