13/04/2020
Do you know Charles M. Schwab? At the beginning of the 20th century he was one of the richest men in the world and president of Bethlehem Steel, the second largest steel company of his time. Initially known as the largest producer of ships, the steel magnate and his company paved the way for the age of skyscrapers.
Schwab had a general reputation for doing everything possible to achieve and constantly striving for improvement. It is not without reason that Thomas Edison is said to have once said about him He is always on the lookout for an advantage over his .
It was this search that prompted Schwab to hire Ivy Lee, a management consultant and productivity expert, in 1918. He was dissatisfied with his work and the performance of his teams and was looking for a solution.
His task for Ivy Lee: "Show me how I can achieve more in the same time. He did not hesitate for long, but replied confidently:
I need 15 minutes with you and the executives. Afterwards you can test my method and if it works, you will pay me after three months what you consider appropriate.
No sooner said than done. Three months later, the two meet again and Schwab hands Ivy Lee a check for $25,000 (which is why the system is also known as the $25,000 method). The steel later said that this was the best and most profitable lesson of his life. 🔝🚀
The enthusiasm is also reflected in the payment, which was unimaginably high for the time and seems hardly explainable in terms of working hours - but for Schwab it was worth every dollar. 🔑💵💸💰
HAVE YOU ALREADY TRIED THIS METHOD? 🤔✅
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