Give me a source that says US Steel is planning on hiring 10,000 new employees. Do not cite the December article that talks about rehires. Thanks.
Stocks are an indicator of the health of a company. Their stock does not indicate they are in a hiring phase of their business cycle.
Their terrible performance the 1st qtr. led to Mario Longhi's leaving the company. He will leave in June. Advisers have downgraded their stock. US Steel lost 180 million the first quarter of this year. Value line rates them a 3 on timeliness and a 4 on safety. They are a B- on strength. A five is the worst rating they could have. They are in the basement toilet as far as price stability and price predictability are concerned. All the insiders that Value Line track say if you own the stock, Sell. Now it is a bit late now. This report came out before the last big decline in the price of the stock.
Trump is not bringing back jobs. Trump is harming America greatly with his loose lips.
It's always so much more interesting (and truthful) when people speak for themselves, instead of speculation!
Today, United States Steel Corporation (NYSE: X) announced the retirement of Mario Longhi from the company on June 30, 2017. He stepped down as CEO on May 8, 2017, but he will remain on the board of directors and serve as an employee of the company, providing transitional support, until his retirement. Also, on May 8, 2017, David B. Burritt, currently president and COO, was elected by the board of directors to assume the position of president and CEO as well as become a member of the board.
"Mario played a key role in driving the company's transformation, including the successful implementation of The Carnegie Way," said Chairman David S. Sutherland. "His impact was felt across our company and the steel industry through his efforts in Washington, D.C., to combat unfair trade and create a level playing field. We thank him for his dedication to U. S. Steel."
Longhi began his career at U. S. Steel in 2012 as executive vice president and chief operating officer. In 2013, Longhi was promoted to president and CEO and elected to the company's board of directors. He was brought to the company to launch a wide-ranging business transformation. The effort, known as The Carnegie Way, generated marked cultural and operational improvements.
"When I came to the company, I envisioned a five-year tenure, which I have completed," said Longhi. "I am proud of the progress we have made, which solely resides on the people of this company. U. S. Steel employees dug in, tackled every challenge and never stopped looking for ways to improve everything they could control. I am fortunate to have spent five years working with them."
https://www.streetinsider.com/Corpo...onghi;+David+Burritt+to+Succeed/12886472.html
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