Word: big
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Dates: during 1950-1959
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...firm policy was publicly expressed by R. Conrad Cooper, executive vice president of U.S. Steel Corp. and the industry's chief negotiator. But the man who devised it -and directed industry's strategy from the background - is Roger Miles Blough, 55, chairman of U.S. Steel Corp. Big Steel's Roger Blough (rhymes with now) is perhaps the foremost advocate of a new look in U.S. labor-management relations. He feels that the U.S. is no longer a "laboristic society," that U.S. business, after sweltering for years in a climate that considered labor invincible, can and must check...
...well timed. It was well prepared for a strike; steel customers had enough inventory for seven weeks or more, would still be there as a clamoring market for steel once a strike was over. Steelmen also counted on the fact that U.S. steelworkers, already the highest paid of the Big Three unions, are aware that a wage-and-price boost might bring more inflation to nullify a pay rise, give a boost to foreign competition, and eventually cost jobs in the mills. The most remarkable point of a new Gallup poll out this week is not that 51% of those...
Blough believes that collective bargaining is a matter of give and take, and that industry has been doing most of the giving. As head of Big Steel's $3.7 billion empire and 232,000 employees, he presents his reasons for crying "halt" as if he were preparing a legal brief. Says he: "The results of collective bargaining between the companies and the steelworkers' union have been characterized by unsustainable cost increases, major strikes and government intervention. It is time to raise the question as to whether nationwide wage policies, industry-wide strike power, the ability to shut down...
...Grand Alliance. The entire atmosphere in Big Steel's union relations has changed since Blough took over the company from Benjamin F. Fairless in 1955. Unlike Ben Fairless. who used to tour the steel mills with McDonald, Blough believes in keeping the union brass at a distance, never hesitates to take on the union in public. His hard new line is no quickly thought-up policy; as long ago as last fall, he met with other steel executives to work out the strategy for holding the line on the union...
...invention of the Bessemer process in England in 1856, the infant U.S. steel industry began to outstrip the other major producing countries. When Banker J. P. Morgan founded U.S. Steel Corp. in 1901 by merging several companies, the U.S. produced 37% of the world's steel-and Big Steel produced the lion's share of the U.S. total from birth. By 1920 the U.S. share of world production had risen...