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More On Ken Iverson And Nucor Of Charlotte

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By Andy, cross-posted from The Charlotte Capitalist ™



Steven Brockerman has part two of his posts on the life of Ken Iverson of Nucor:

Iverson's company, now renamed Nucor, opened its first mini-mill in Darlington, South Caroline in June, 1969. Nucor's mission--recall--was to produce good, inexpensive steel for use in making Vulcraft joists and steel grates. But because of Iverson's business plan--lean and mean at every level, non-union workers, performance bonuses and high tech cost efficient production methods--Nucor suddenly found its low-cost, quality steel in great demand. Ken decided that Nucor could--and would--meet that demand.

Part one here.



http://ObjectivismOnline.com/blog/archives/000867.html
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