Penguin.com (usa)

Friendly Takeover

Friendly Takeover

How an Employee Buyout Saved a Steel Town

James B. Lieber - Author

Paperback | $20.00 | add to cart | view cart
ISBN 9780140107104 | 400 pages | 01 Jun 1996 | Penguin | 5.39 x 7.75in | Adult
Summary of Friendly Takeover Summary of Friendly Takeover Reviews for Friendly Takeover An Excerpt from Friendly Takeover

Lieber spent five years studying Wierton Steel's turnaround from another near-Rust Belt casualty to an inspirational success story, talking to people at all levels--ordinary workers, local and national labor leaders--to show what it took to make the company work for employee and management alike. Photos.

Preface
"Your reputation has gone way beyond West Virginia..." - Bill Clinton

Part One: Pain
1. Black Tuesday
"You've always hated Weirton, haven't you, Pete?" - Richard "Red" Arango
2. Weir's World
"I believe I am warranted in the assumption that I am one of the men whom Mr. Roosevelt calls economic royalists." - Ernest T. Weir
3. The Mill of the Future
"Every mill that closed in Youngstown made steel with open-hearth furnaces." - Staughton Lynd
4. New Age Economics
"Labor Unions will obviously not be needed as an instrument of power to effect a laboristic distribution of wealth." - Louis Kelso, The Capitalist Manifesto
5. The Joint Study Committee
"I had never negotiated for the assets of a billion-dollar corporation." - David Robertson
"Everybody who could spell ESOP approached us." - Bill Doepken
6. The Rank and File Committee
"If you are shareholders, you want to be sure you are in control." - Staughton Lynd
7. Wall Street and Washington
"It seemed like here were these people not just laying back and complaining about what the world was doing to them." - Harvey Sperry
8. America's Mill
"Our future lies in cans, not can'ts." - Parade Placard, July 3, 1982
9. Secrecy
"One day we are going to have to burst the 100 percent employee ownership bubble. But for now, we should let this perception continue." - David Robertson
10. Divide and Conquer
"This takes a combination of sticks and carrots..." - Gene Keilin
11. Propaganda
"This relationship includes openness, honesty, and communications, both upward and downward." - Chuck Lafferty
12. A Lawyer's Dream
"I'm the surgeon. I've done this all my life..." - Harvey Sperry
13. Hard Ball
"What will the money derived from our concessions be used for? To buy machinery to eliminate jobs?" - Steve Bauman
14. Shots from Left and Right
"If there is going to be one domestic steel company alive, we intend it to be Weirton." - Walter Bish
15. Fielding the Team
"We were looking for razor blades in the mashed potatoes." - David Robertson
16. Democracy
"Sure we could have held out for a little more representation and maybe a little clearer explanation, but I felt in principle it was the only way that this place was going to survive in some semblance of what Weirton had been." - Father Charles Schneider
17. On Our Own
"Now I'll go back to my office and jump up and down." - Robert Loughead

Part Two: Gain
18. Changing the Culture
"Drive out fear so that everyone can work effectively for the company." - W. Edwards Deming
19. Hoopy Christmas
"They are the heroes of the industrial world." - Jay Rockefeller
20. Trouble at the Top
"Even if you happen to be on the right track, you'll get run over if you just sit there." - Robert Loughead
21. The Class of '88
"Are we acting as union officers or shareholders?" - Gary Anderson
22. Going Public
"It seems pretty fair, but I'm not a numbers guy. Mostly I was concerned with the control issue. I wanted to be sure this place would be here in a generation." - Dominic Tonacchio
23. Survival
"If you sacrifice, you're part of the team." - Mark Glyptis

Notes
Selected Bibliography
Index


To keep up-to-date, input your email address, and we will contact you on publication

Please alert me via email when:


The author releases another book