Word: steels
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Dates: during 1950-1959
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...clear the fog of conflicting claims surrounding the steel negotiations, President Eisenhower last week considered having the Government prepare its own "impartial" statistics for the public's guidance. But the Labor Department and other Government agencies quickly let it be known that they wanted no part of the job. Reason: they know that even statistics on such an apparently simple factor as productivity are open to wide interpretation. No matter what figures the Government settled on, federal economists feel, they would favor one side or the other, add heat rather than light to the debate between management and labor...
...what the twelve companies labeled an attempt to split off one of them and make a separate deal (as the union did with Bethlehem Steel Co. in 1949), McDonald asked for negotiations on an individual company basis. But the industry's team, headed by U.S. Steel's Executive Vice President Conrad Cooper, said it will not meet separately with the union's twelve local bargaining groups because it feels the only way to a contract is through top-level negotiations between the union and management four-man committees. If one thing emerged clearly last week...
...that earnings will follow-even though the stocks of aluminum companies have hopefully risen to the year's high. Producers say that the price of aluminum at 24.7?a Ib. is too low. Although a price rise is expected later this year, it will not come until the steel industry contracts are signed, since aluminum traditionally follows the labor patterns set by steel. For the long range, makers hope to increase demand not only at home but by developing world markets. In Western Europe and Canada percapita consumption of aluminum is only 6.2 Ibs. a year...
HIGHEST PAID EXECUTIVE in U.S. last year was Bethlehem Steel Corp.'s President Arthur B. Homer, who received $511,249 in salary and bonuses, after a $112,087 cut from 1957 pay. General Electric Co. Chairman Ralph J. Cordiner was second, with earnings of $399,999. Next three places went to other Bethlehem Steel top executives, each of whom received...
...Steel Hour (CBS, 10-11 p.m.). Maurice Evans,an actor whose melodramatic technique is the living despair of the Actors' Studio, in a play, exactly shaped to the cut of his jib, about a British minesweeper captain in World...