| Business Summary | | USX
-
U.S.
Steel
Group,
a
subsidiary
of
USX
Corporation,
is
engaged
in
the
production
and
sale
of
steel
mill
products,
coke
and
taconite
pellets;
the
management
of
mineral
resources;
coal
mining;
real
estate
development;
and
engineering
and
consulting
services.
Certain
business
activities
are
conducted
through
joint
ventures
and
partially
owned
companies,
such
as
USS-POSCO
Industries
(USS-POSCO),
PRO-TEC
Coating
Company
(PRO-TEC),
Transtar,
Inc.
(Transtar),
Clairton
1314B
Partnership,
and
Republic
Technologies
International
LLC
(Republic).
On
November
24,
2000,
USX
acquired
U.
S.
Steel
Kosice
s.r.o.
(USSK),
which
held
the
steel
and
related
assets
of
VSZ
a.s.,
headquartered
in
the
Slovak
Republic.
In
February
2000,
U.
S.
Steel
Group
undertook
a
minority
stake
in
e-STEEL
Corporation,
an
online
exchange
for
the
global
steel
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | USX-U.S.
Steel
is
engaged
in
the
production
and
sale
of
steel
mill
products,
coke,
and
taconite
pellets,
the
management
of
mineral
resources,
domestic
coal
mining,
real
estate
development
and
engineering
and
consulting
services.
For
the
three
months
ended
3/31/01,
revenues
fell
2%
to
$1.56
billion.
Net
income
applicable
to
Common
fell
83%
to
$7
million.
Results
reflect
lower
domestic
sheet
product
shipment
volumes
and
prices
and
reduced
credits
for
S/G/A
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
1,737;
after
tax
earnings
were
-30. (Preliminary; reported in millions of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Usher, Ph.D., 58 Chairman,
Pres, CEO | $8.9M | Robert Hernandez, 56 Vice
Chairman and CFO | 3.1M | Clarence Cazalot, Jr., 50 Vice
Chairman- USX Corp. and Pres- Marathon Oil Company | 3.9M | Roy Dorrance, 55 Exec.
VP - Sheet Products | -- | Charles Gedeon, 60 Exec.
VP - Raw Materials & Diversified Bus.es | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|