The Odd Couple Of SteelBy
Nucor Chairman F. Kenneth Iverson has missed some bets in his time. In the early 1980s, for example, he spent some $5 million manufacturing steel railroad ties. "They lasted forever, but nobody wanted to buy them," he laughs. But small setbacks such as this are dwarfed by Iverson's winning record on big gambles, especially his triumphant 1989 move to enter the flat-rolled steel business with $350 million in unproven technology.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock