Boardrooms: The Ties That Blind?

It has been more than a year since Weirton Steel Corp. employees began their uphill battle to oust Harvey L. Sperry from Weirton's 13-member board. But in a dramatic showdown on Apr. 13, the employees, who own 77% of the company's stock, finally got their way. Sperry withdrew his renomination bid to avoid a threatened war over a vote on a vital stock offering at the May 26 annual meeting.

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