Word: speers
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...Edgar B. Speer, Chairman
...increases were not justified by market demand. The rises, said COWPS Acting Director William Lilley III, were moves by steel men to "protect themselves against possible future wage and price controls." Some executives did not altogether deny that they were jumping the inaugural gun. Said U.S. Steel Chairman Edgar Speer: "The political situation is always a consideration. Let's not kid ourselves." Why, then, had Speer told stockholders three weeks ago that there would be no price increases until 1977? Said the chairman blandly: "I miscalculated...
...situation probably will be the position of the industry's giant, U.S. Steel. Last week its executives said not a word, but Chairman Edgar B. Speer is on record that "any price activity will come in 1977." Some Wall Street analysts speculated in consequence that until Jan. 1 or shortly after, the industry will have an unusual "two-tier" pricing system, with some mills charging a higher and others a lower price. If U.S. Steel decides to hold the line, the increase undoubtedly will collapse again. But if the giant raises prices, it could present Carter with an awkward...
...that they make in new plant and equipment. "We made our plans, and they haven't changed," says Joel Goldberg, president of Rich's, a chain of 12 department stores, which has its headquarters in Atlanta. Speaking to shareholders in Boston last week, U.S. Steel Chairman Edgar Speer declared that his company would go ahead with plans to spend about $900 million in 1977. Somewhat similar statements came from J.C. Penney and American Electric Power...
...indispensable ally in revving up the economy. Carter has repeatedly said that most of the new jobs needed to reduce unemployment must be created by private business, not the Government; corporate leaders hope he will realize that that strategy requires policies to encourage investment. Says U.S. Steel's Speer: "People are not going to stand for unemployment, and they are not going to stand for higher taxes [to finance federal job-creating programs]. I wouldn't be surprised if certain tax reforms go in place early in his term-investment tax credits, faster [one or two years] write...