Paul H. O'neill

In early 1994, an avalanche of cheap Russian metal threatened to bury America's world-leading aluminum companies. Aluminum Co. of America's CEO, 60-year-old PAUL H. O'NEILL, pushed for a multinational solution, which included painful smelter shutdowns in the U.S. He also pressed forward with global acquisitions, from Italy to Australia. With aluminum prices on the rebound in 1995 and world supply and demand on a more even keel, Alcoa motored to strong earnings.

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