Bethlehem Steel

Reflection Paper Bethlehem Steel After watching the pictorial matter Bethlehem Steel The People Who Built America I was take by how a club can grow to the punt largest steel alliance and then claim bankruptcy sylphlike than 100 years later(prenominal). The blame for the companys ill luck is hard to place on any one group. It was a perfect storm of managements arrogance, foreign competition, and wellness and pension benefits owed to retirees that lead to its demise. In 1901, Charles Schwab purchased the company and founded the Bethlehem Steel Corporation. The company started to produce wide flange steel beams that were lighter and stronger. These unfledged beams were used to construct charges for the Navy, suspension bridges, and high-rise buildings in take cities. Eugene Grace took over operations from Charles Schwab in 1913. He prepare contracts with the US Navy and many projects including the Golden Gate duette in San Francisco. In 1943, Grace promised President Roosevelt a enrapture per day and delivered on that promise. Grace is also famous for creating a culture of highly paid executives that he drawed using a program called the loop course. The loop course was named later a round of golf where most of the business decisions at the company took place.

The company also hired escorts young slick magazine women who would greet and make conversation with future employees help tear them to the company. These future executives made a lot of their decisions based on the good times of the company without seeing the difficult parcel of land that lay ahead. When Grace made his deal with Roosevelt the workers went on card knowing! management would settle to their demands because they didnt want to retrovert the Navy contract. Grace agreed to let the unions into the company and the merge Steel Workers of America was formed. The union negotiated successfully higher fee and retirement benefits that included large pensions and health benefits. Companies were not call for to put money aside for...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay