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Best-practice steam engine technology could have saved the equivalent of a quarter of labor costs at most plants. Inefficient furnaces were oxidizing away huge amounts of metal. The Germans were pulling ahead in the use of overhead belt conveyors. It was absurdly wasteful to support 119 rail-shape standards. Better management of furnace linings,
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
The group of executives, led by Clark, entered the shed at the end of the yard. Before Clark arrived on the scene, there was no building in the Huisman Shipyard that could house a 197-foot mast. Clark had waved that objection to one side, and said he would pay for a new building.
Michael Lewis • The New New Thing

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