Nucor: A Moral Company

The history of Nucor starts with Ransom E. Olds. Olds, founder of Oldsmobile, created Reo Motor Cars in the early(a) die of the twentieth century. In 1955 Reo Motor Cars was dissolved to solve the atomic Corporation of America (NCA). NCA was comprised of a number of polar companies, n oneness of which did particularly well. From 1955 to 1965 NCA had eight money-losing years star(p) to a reorganisation of the friendship and the appointment of Kenneth Iverson as president. Iverson, along with depravity professorship Samuel Siegel decided to divest NCAs money losing business and construct the company around its only profitable organization--the blade joist business. In 1972 NCA officially adopted Nucor as the company name. Today Nucor is one of the worlds leadership marque manufacturing companies. With 25 divisions in 13 states, Nucor and its subsidiaries distribute steel and steel related products to everywhere a dozen countries worldwide. These divisions, which argon spl it gibe to their type of manufacture (steel joist, steel mills, miscellaneous), uncouth all over $6 billion annually. In 2003, Nucor sold over 15,000 tons of steel and grossed nearly $750 million. Nucors head office is turn over up in Charlotte, N.C. and headed by Vice Chairman, President and chief executive officer Daniel R. DiMicco. What makes Nucor so productive and profitable is its relationship with its employees. Nucor is recognized as one of the nations leading corporations for employee satisfaction.

This is thanks to Ken Iverson who, when he became president, realised Nucors iv principles. These prin ciples were intended to help and improve the! working conditions of the employees. These quaternary principles argon still the cornerstone on Nucors employer/employee relationship. The four principles are: 1.          prudence is obligated to manage Nucor in such a office that employees will have the         opportunity to earn according to productivity. 2.         Employees should find out confident that... If you want to get a full essay, entrap it on our website: OrderCustomPaper.com

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