Dave McDonald's principal opponent in the steel negotiations: John A. (for Allen) Stephens, 61, vice president in charge of industrial relations for U.S. Steel Corp.

Family & Early Years: Born May 1, 1895 in Albany, N.Y., where his father, John A. Stephens, was a law partner of New York's Governor (and U.S. Senator) David B. Hill. After grade and elementary school in Albany, entered Connecticut's Wesleyan University, transferred after his junior year to the newly organized School of Business at Columbia University (B.A., 1917). In 1918 married Mary Elizabeth Lathrop; they have two daughters, four grandchildren.

Business Career: Left college in the spring...

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