Word: gott
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...lowest first half since 1964-in great part because of dwindling orders from the auto industry, steel's biggest customer. But an upturn in Detroit's August orders for 1968 auto models has brightened steelmakers' outlook. U.S. Steel Corp.'s new president, Edwin H. Gott, last week predicted a normal steel output during the July-September quarter, followed by "material improvement" in the final quarter of this year...
...succeeding Leslie B. Worthington, 64, who steps down after almost eight years as president, Gott takes on U.S. Steel's highest administrative post, bearing responsibility for carrying out Blough's policy decisions. Organization charts aside, decision making at the $4.41-billion-a-year steel giant has actually been pretty much of a troika operation, with policy matters largely entrusted to Blough, Worthington and Robert C. Tyson, 61, powerful chairman of the company's finance committee. Gott's elevation should do little to change that arrangement; like his predecessor, he will remain in Pittsburgh, confer with...
Another Candidate? A soft-spoken man who joined U.S. Steel in 1937 as an industrial engineer at its Youngstown, Ohio, works, Gott moved quickly through a host of managerial positions at other company plants before returning to Youngstown as general superintendent in 1951. Two years later, he assumed the first of several company-wide posts, became executive vice president for production...
...problems that Gott and his colleagues face are best illustrated by the fact that U.S. Steel, which at one time accounted for 65% of the nation's raw steel production, has slipped to 25%. Like the rest of the industry, the company has been hurt in recent years by Japanese and European imports, competition from other materials, and belated modernization. As its five spanking-new basic-oxygen furnaces (three more are being built) and its ultramodern continuous-casting operations attest, the company is finally starting to meet the situation headon...
...harsh spotlight during Blough's 1962 confrontation with President Kennedy. The man generally figured to have the inside track for the top job is Executive Vice President R. Heath Larry, 53, a former company labor negotiator who now serves as Blough's right-hand man. Ed Gott's new responsibilities might well signal the emergence of another candidate...