Word: blough
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...wage negotiations, a key statistic for comparing different industries usually is the Government's figures on hourly earnings. But last week U.S. Steel Corp., the nation's largest steel producer, questioned the accuracy of the figures. Said its annual report, in which Chairman Roger Miles Blough reported a 15½% drop in earnings because of the steel strike: the Government's "widely quoted data on average hourly earnings are no longer representative of total employment costs" and are "completely inadequate as an indicator of an hour's work...
...terms are less inflationary than any for which steel settled since the end of World War II, said U.S. Steel Chairman Roger Blough...
...year with earnings of $4.24 a share, v. 1958's $5.13. But more than half of the major reporting steel companies came out of 1959 with better earnings than 1958, despite the long shutdown, and the others did not suffer badly. Big Steel's Chairman Roger M. Blough summed up the industry's confidence for 1960 by announcing that his company will maintain an operating rate of between 90% and 95% of capacity during the first quarter, with only slight declines for the second and third quarters as users rebuild their inventories...
STEEL PRICE RISE is hinted by Chairman Roger Blough of U.S. Steel Corp. in denying reports that he promised Vice President Nixon to delay boost until after election. If it comes, rise will be less than the $8.50-a-ton increase in 1956. Blough figures new contract lifts employee costs by 3¾% v. 8% in 1956 pact, thus "the inflationary effect is half as great...
...Inflationary? The steel industry itself was a lot less gloomy. The settlement's terms, said U.S. Steel's Chairman Roger M. Blough, "appear less inflationary, at least, than any which the steel industry has actually experienced since the end of World War II." During the postwar years, hourly labor costs in the steel industry climbed by an average of 8% a year. As the steel industry viewed it, the shift from 8% a year to 3.5% a year was progress of a sort. "The settlement is neither black nor white," said Inland Steel's Board Chairman Joseph...