Word: steel
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Dates: during 1960-1969
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...philosophy and about as damaging to the U.S. image throughout the world as a blow from the daffodils the marchers carried." This was the intention of the demonstration, and is more than I can say for the violent handful who tried to disrupt the "mobilization" with paint, eggs and steel rods-some of which hit disabled veterans of other U.S. conflicts quietly demonstrating their reservations on this...
...share, or $4.20 less than he paid, Simon sold 77,353 shares of Wheeling to Pittsburgh Steel, plus an equal amount to the family of the late Charles F. Kettering, the General Motors inventor and executive. Along with three other Simon-picked directors (Simon himself resigned as chairman and director last November), Wheeling Steel President Robert Morris announced his resignation. In as chairman and chief executive of Wheeling will go Allison R. Maxwell Jr., 52, a gregarious salesman who has held the same job at Pittsburgh Steel since...
...half years ago, when Simon moved into Wheeling, now the nation's tenth largest steel producer, he shook up the company by forcing five directors off the board, tossing out the chairman-president and hiring Morris away from Monsanto Chemical Co. to take charge. Amid that upheaval, Wheeling was unable to attract new seasoned steel executives. Though the company had borrowed $145 million from banks and insurance companies for plant modernization, it needed still more renovation to run efficiently. Over the past two years, Wheeling piled up losses of $12.4 million...
...Constructive Way." On top of criticism from the lenders when Wheeling failed to meet its repayment schedule last year, Simon came under pressure from his Hunt associates to devote his energies to more promising parts of his realm. To nurse Wheeling back to health, Simon agreed to let Pittsburgh Steel take charge because, said he, "it was the most constructive...
...plants are linked by cheap water transport, the Ohio and Monongahela rivers. Despite his selloff, Simon kept a 4% interest in Wheeling (100,000 shares). If the price climbs eleven points from last week's close of 21⅜, Simon could yet escape from his bath in steel with a profit...