Word: fairless
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Soon after the strike that followed the seizure, Murray made plans to tour the steel plants with Ben Fairless, president of U.S. Steel, in a mutual effort to bring peace to the steel industry...
Neither Haywood, Reuther nor anyone else in sight has the stature or wisdom of Phil Murray. By coincidence, both Harry Truman and Ben Fairless used the same term in eulogizing Murray this week. They called him a "Christian Gentleman," a hard term to earn in the vortex of a social storm...
...looking over the writings of Karl Marx, U.S. Steel's Chairman Ben Fairless decided that Marx had missed a trick. "In his thirst for revolution," Fairless told a meeting of the Pennsylvania state chamber of commerce at Pittsburgh last week, "Marx overlooked completely the only economic system on earth under which it is possible for the workers themselves to own, to control and to manage directly the facilities of production. Shocking as the news may be to the disciples of Karl Marx, that system is capitalism...
...Fairless had done a little figuring on how the employees of U.S. Steel could take over the company. U.S. Steel's 300,000 employees "could buy every share of the outstanding common stock of U.S. Steel just as easily and just as cheaply as they can purchase a moderately good automobile." It works out, said Fairless, to 87 shares apiece. "At today's prices, those 87 shares would cost them less than $3,500 . . . By investing $10 a week apiece-which is about what our steelworkers gained in the recent wage increase-they could...
...Inertia. 33. Ben Fairless and Phil Murray finally stopped the steel strike by agreeing on terms which included...