Word: roderick
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...avoid annihilation, Big Steel had to slash its costs. "Our labor alone put us out of the ball game," says USX Chairman David Roderick. In 1980 the U.S. industry's workers made $17.46 an hour, vs. $9.63 for their Japanese counterparts. Big Steel embarked on a wholesale payroll-cutting campaign in which 60% of the industry's 428,000 workers lost their jobs. Those who remained gave generous pay concessions. Last year U.S. steelworkers earned $22.63 an hour -- equal to $15.48 in 1980 dollars -- vs. $18.52 in Japan...
...says USX's Roderick. "If we can rely on another five years to put virtually billions of dollars into additional modern facilities, then I think we can go back to trying to live without VRAs," he argues. Without the market stability the VRAs provide, Roderick contends, modernization would falter, bringing about "catastrophic" long-term consequences. The best solution, some experts suggest, is a compromise that would gradually wean the industry from trade barriers...
...that a replacement for Andrew Heiskell '35-'36, who retired from the Corporation last year, will be chosen in February. Members of the Corporation and the Board of Overseers, the University's alumni governing body, will also soon begin to search for a successor to Treasurer and Corporation member Roderick M. MacDougall '51, who died in November...
...which agreed last month to settle criminal- fraud charges, plans to hire a new chairman for its holding company. Drexel's choice to succeed Robert Linton: John Shad, the U.S. Ambassador to the Netherlands and former head of the Securities and Exchange Commission. Drexel is also recruiting trade consultant Roderick Hills, another former SEC chief, to serve on the firm's board. Neither had formally accepted by week...
...oldest corporation in the Western Hemisphere, especially with all the time it takes choosing new members. Bok & Co. still haven't found a successor to Andrew Heiskell, who resigned more than a year and a half ago, and now they have to find another board member to replace Treasurer Roderick M. MacDougall '51, who died last month...