Lieber, James B. Friendly Takeover

ISBN 13: 9780670820757

Friendly Takeover

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A close-up look at the struggle of a West Virginia steel company's struggle to save itself chronicles the buyout efforts of company employees, the battle against entrenched labor and management interests, and what it took to make the company successful. 15,000 first printing. Tour.

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From Booklist:

Steel has come to represent, variously, technological innovation and competition, lost American industrial might, and gritty blue-collar determination. Each case can be laden with emotion. This explains, perhaps, why even nonfiction accounts about the making of this most basic commodity are filled with narrative drama. Rusted Dreams (1987) and American Steel (1991) read like stirring fiction. Now, add to these Lieber's story of the fight for survival of Weirton Steel and the small West Virginia mill town that gave it its name. Lieber, a lawyer who has written for publications as diverse as Mother Jones and New York Times Magazine, begins with National Steel's decision to shut down Weirton in 1982 and shows, in a story every bit as compelling as Barbarians at the Gate (1990), how ordinary workers and community leaders used a little-known financial tool called the employee stock ownership plan in a struggle against union leadership and management alike to keep Weirton alive. David Rouse

From Library Journal:

Lieber, a lawyer who grew up in Pittsburgh during the boom days of the steel industry, has written his first book on the story of how one steel company survived the dramatic downfall of its industry. Weirton Steel in Weirton, West Virginia, which provides thousands of jobs, survives today because of an employee buyout. Lieber examines the entire process of the Employee Stock Ownership Plan Weirton used and the personalities that made this "friendly takeover" happen. He follows the bankers, politicians, labor leaders, consultants, company managers, and ordinary workers who made the buyout work. Lieber also delves into changes in the work culture that occurred at Weirton to make it more competitive with foreign steelmakers. A fascinating, readable look at labor-management relations and corporate high finance. Recommended for large business collections.?Joel Jones, Kansas City P.L., Mo.
Copyright 1995 Reed Business Information, Inc.

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9780140107104: Friendly Takeover: How an Employee Buyout Saved a Steel Town

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ISBN 10: 014010710X ISBN 13: 9780140107104
Publisher: Penguin Books, 1996
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