Word: sheetings
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McGrath feared that LTV and Republic would dominate the market for sheet stainless steel and for hot-and cold-rolled carbon and alloy sheet steel, products used in automobiles, small appliances, ranges and refrigerators. Together, the companies would have become the largest domestic producer of those types of steel. In the area of stainless sheet, the new firm would have controlled almost half of U.S. production capacity. Said McGrath: "We concluded that the increased concentration would be unacceptably high...
Were those papers in that class in ethics and justice graded properly, fairly? Hardly. But then you should have seen this section leader in class on the day before. Thanksgiving when I myself was a visitor. He passed out a Xerox copy of a hand-scratched assignment sheet. It had only two topics on it, and the section leader asked that everyone choose the second one. There was a general sigh among the students as they listened in this pathetic effort to make the second paper respectable. When asked in front of the hemmed and unconcerned professor when the paper...
When Sallie Mae tried to hold a stock offering in 1973 and got no takers the 46 years old Fox says "the board reached an absolute consensus that in order for this corporation to attract capital, which is important for its social mission we had to have a balance sheet that could encourage investors to want to participate in the corporation. If we couldn't attract capital all the social goals that we had could not be satisfied...
...balance sheet had become debt heavy Fox says that by 1983, Sallie Mae's capital base had grown to about $100 million while the debt of the corporation was nearing $7.5 billion. "We had a corporation that had 75 units of debt for each unit of capital, which is about four times what most commercial banks have," Fox says...
...still makes more steel than any other American company, but investors would never know it from U.S. Steel's balance sheet. The firm last year made more than half its revenues from petroleum, a result of its 1982 purchase of Marathon Oil, and only 31% from steel. Last week, though, U.S. Steel took a giant leap back to basics. Directors approved the purchase of National Steel, the seventh-largest maker, for $575 million in cash and stock. U.S. Steel will also absorb some $460 million in long-term National debt, making the total buy-out worth $1 billion...