Charles M. Schwab was bornon 18 February 1862 in Williamsburg, Pennsylvania, American, is American Steel Magnate & Businessman. Charles M. Schwab was a famous American steel magnate and businessman. He headed as the president of Bethlehem Steel, which became the second largest steel maker company in the world and also was one of the biggest heavy manufacturers in the world. He brought revolution to the infrastructure sector by his development of wideflange steel beam for massive steel production. Known for his manipulative skills and risk taking habit, he was called, “Master Hustler” by Thomas Edison. Schwab brought about significant changes in steel production, which made the company hold a monopoly during World War I. He was also known for his luxurious habits and lavish spending and owned the most extravagant houses of his time. He had great management skills and knew how to handle workforce. His modern ways of dealing with staff were mentioned in Dale Carnegie's most famous work, “How to Win Friends and Influence People”, published in 1936. He was inducted into the Junior Achievement U.S. Business Hall of Fame in 1982.