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Andrew Carnegie; Founder, Carnegie Steel Co., Pittsburgh; Carnegie Corp., New York.

Publication: Pensions & Investments
Publication Date: 27-OCT-03
Format: Online - approximately 251 words
Delivery: Immediate Online Access
Full Article Title: Andrew Carnegie; Founder, Carnegie Steel Co., Pittsburgh; Carnegie Corp., New York.(P&I at 30: The difference-makers)(Brief Article)(Biography)

Article Excerpt
Byline: Rob Kozlowski

Andrew Carnegie is known as the father of the modern funded defined benefit plan.

In 1901, he started the Carnegie Relief Fund, contributing $4 million in Carnegie Steel Co. bonds. He designated the proceeds to all employees of Carnegie Steel Co. who were injured at work...

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