Word: fairless
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...five months U.S. Steel Chairman Benjamin F. Fairless and David J. McDonald, boss of the C.I.O. United Steelworkers Union, have been hard at work understanding each other's problems. Taking time from their jobs, they made two-or three-day tours of some 40 steel plants together, talked to everyone from shop foremen to open-hearth workers, and got along famously. Last week in Pittsburgh, McDonald, who looks more like a corporation tycoon than Ben Fairless himself, presented his union's wage demands to U.S. Steel. Ben Fairless got a rude surprise. The demands were far stiffer than...
Danger Signals. Businessmen in a score of fields reported that the slide has stopped. U.S. Steel's Ben Fairless announced to his stockholders that "an upturn in demand is beginning to appear." In the copper industry, which has recently been trimming production. Kennecott Copper President Charles R. Cox also reported a turnabout; his company will increase the work week from five to six days at four western mines. And a special committee of the Government's Business Advisory Council reported that the business decline has leveled...
After seeing a picture of Benjamin Fairless, 63, U.S. Steel's president, in a company publication, the Federation of Women Shareholders in American Business advised him that he is getting too fat, suggested that he pass up dinner-table dividends and get a proxy to bolt food for him at six-course banquets...
...Steel has spent $175 million developing Cerro Bolivar. Whole towns were built: Ciudad Piar at the mountain, Puerto Ordaz on the river. But now the payoff starts. The rich hematite and limonite (eventually 10 million tons a year) will feed the $400 million Fairless Works at Morrisville, Pa.-where the first ore will arrive next week...
...peak. More important, there was little slackening in overall retail buying. In a last-minute Christmas rush, sales reached a new yearly peak. And though year-end steel production, at 66.6% of capacity, was the lowest (except for strike shutdowns) in three years, U.S. Steel's Ben Fairless was not alarmed...