Actually, it not. If you want the full account, you can read David McCullough's book about the Johnstown Flood Frick was essentially Carnegie's right-hand man,

Actually, it not. If you want the full account, you can read David McCullough's book about the Johnstown Flood Frick was essentially Carnegie's right-hand man, having been appointed to run Carnegie's businesses after he withdrew from their day to day operations to enjoy his wealth. The club was explicitly set up as a retreat for executives from Carnegie businesses or those with ties to them (it was informally known as "The Bosses Club"). Carnegie not being a charter member is immaterial, as it's simply an artifact of his slight remove from the day-to-day operations. He was certainly caught up in the suit that, were liability laws the same as they were today, Carnegie's business' would have been dragged down with him.