To U.S. Steel's Chairman Benjamin Fairless, it was something more than just another stockholders' meeting. It was the day before his 6sth birthday, and to the 1,050 Big Steel stockholders gathered in Hoboken, N.J.'s Union Club ("The only guaranteed annual audience I ever get"), he made a special announcement. After 42 years in the steel business, and three as boss of the industry's biggest company, the time had come to resign. Said Fairless: "There must always be room at the top of our management team for young men with young ideas and a...
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