Word: blough
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Change of Climate. Management's 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...
...Roger Blough and other U.S. steelmen are convinced that the best way to keep the U.S. steel industry healthy and competitive is to develop and adopt new processes faster than the rest of the world, continue rapid modernization of their plants and equipment. The U.S. has no monopoly on progress; foreign steel tycoons are also fully aware of the need to forge ahead, are engaged in a race whose stake is bigger markets, more efficiency, lower costs. The race requires enormous amounts of money, especially for the U.S., which carries the front runner's burden of keeping the world...
...Blough and his colleagues realize that the question of wage hikes in the steel industry is no longer merely a domestic problem, but one that affects the whole U.S. position in world steel. This year the U.S. industry has received a warning that it cannot isolate itself from the realities of world steel without suffering the consequences. If it does not heed the warning, it must pay the consequences in smaller sales and, eventually, in fewer jobs...
...union would stay at work until July 15. He also retreated from the stand that he would extend the contract only if any wage hikes in any new contract would be retroactive to July 1, an issue on which previous negotiations had floundered. U.S. Steel Chairman Roger M. Blough, the man who has most to say about bargaining matters, and the heads of eleven other steel companies agreed to the new terms. This week negotiations were resumed at Manhattan's Hotel Roosevelt...
...Blough, the issue is vital in view of the global challenge facing U.S. industry. Says he: "We are only in the first skirmishes of a battle of production that is destined to rage for many decades. Whether or not America emerges triumphant depends in large measure on the virility of American industry. And industry's strength depends directly on our ability to win the understanding of Government, of labor leaders, of investors in a national effort to encourage the investment of capital necessary to develop and acquire the finest tools of production on earth...