Ancora-Backed CEO Candidate Proposes US Steel Overhaul
Kestenbaum Criticizes Nippon Steel Merger and Current Leadership
“I intend to take a major position in U.S. Steel,” Kestenbaum said. (Cole Burston/Bloomberg News)
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Steel industry veteran Alan Kestenbaum said he’s willing to make a significant personal investment in United States Steel Corp. if it abandons a merger with Nippon Steel Corp. and he’s selected to become its chief executive.
“I want to have a stake in something that I’m going to be involved in,” the former Stelco Holdings Inc. CEO said Jan. 27 in an interview. “If I get the chance to run the show, I’ll invest in myself.”
His comment…
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