Word: blough
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...else but Roger Blough, U.S. Steel's board chairman, who is battling for all of us in the fight against inflation...
Against the background of swollen costs and intensifying foreign competition, the steel industry, led by U.S. Steel's Board Chairman Roger Blough, decided to take a stand on two propositions in this year's contract negotiations with the United Steelworkers: 1) increases in wages and fringe benefits must be noninflationary; and 2) collective bargaining must become a "two-way street," with the union yielding management a freer hand in control of plant operations...
...first Blough & Co. demanded a contract clause saying that 2-B would not "restrict the company from improving the efficiency and economy of its operations." Last month the industry eased this demand to a proposal to submit the 2-B issue to a two-man panel (one member chosen by the industry, one by the union) with compulsory arbitration if the panel failed to reach agreement by mid-1960. McDonald refused to consider even this diluted proposal...
Bungled Campaign. At the start of the strike, the big steel companies, led by U.S. Steel Chairman Roger Blough, laid down a demand of their own: in return for even a modest boost in wages and fringe benefits, the union would have to agree to contract changes to "cut the cost of steelmaking." With high labor costs squeezing U.S. steel out of foreign markets (TIME, July 20), the steel companies had a solid argument for holding costs down. Revelations of corruption in the labor movement had weakened organized labor's influence. And the U.S. public was fed up with...
...urgent personal requests from the President that they get down to serious negotiating, labor and management met over a coffee table in Pittsburgh's Penn-Sheraton Hotel. The session followed the same pattern of dull do-nothing that had characterized all the previous negotiations. U.S. Steel Chairman Roger Blough pointed to the management's offer of a "15? wage package," stuck by his demands for revision in union work rules (TIME, Oct. 12). United Steelworkers Union President David McDonald, who had walked out of a previous session, declared that the package really contained only 10.2,? refused even...