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The New Coffee Room

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  3. Nippon Steel and U.S. Steel Merger

Nippon Steel and U.S. Steel Merger

Scheduled Pinned Locked Moved General Discussion
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  • J Offline
    J Offline
    Jolly
    wrote on 6 Sept 2024, 11:55 last edited by
    #2

    I see problems from a strategic standpoint.

    “Cry havoc and let slip the DOGE of war!”

    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

    A 1 Reply Last reply 6 Sept 2024, 16:50
    • C Offline
      C Offline
      Copper
      wrote on 6 Sept 2024, 14:25 last edited by
      #3

      Whatever Ms. Harris says is fine by me.

      1 Reply Last reply
      • J Jolly
        6 Sept 2024, 11:55

        I see problems from a strategic standpoint.

        A Offline
        A Offline
        Axtremus
        wrote on 6 Sept 2024, 16:50 last edited by
        #4

        @Jolly said in Nippon Steel and U.S. Steel Merger:

        I see problems from a strategic standpoint.

        What problems you have in mind? Care to elaborate?

        1 Reply Last reply
        • M Offline
          M Offline
          Mik
          wrote on 6 Sept 2024, 16:56 last edited by
          #5

          Does he really have to? After 20 years of this?

          "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

          A 1 Reply Last reply 6 Sept 2024, 17:19
          • M Mik
            6 Sept 2024, 16:56

            Does he really have to? After 20 years of this?

            A Offline
            A Offline
            Axtremus
            wrote on 6 Sept 2024, 17:19 last edited by
            #6

            @Mik said in Nippon Steel and U.S. Steel Merger:

            Does he really have to? After 20 years of this?

            He responded after 20 years of whatever "this" is, I figure he might have something new to say, so giving him the benefit of the doubt and invited him to elaborate.

            1 Reply Last reply
            • J Online
              J Online
              jon-nyc
              wrote on 6 Sept 2024, 22:40 last edited by
              #7

              Shitty policy. The jobs would stay here under the purchase anyway.

              Thank you for your attention to this matter.

              1 Reply Last reply
              • T Offline
                T Offline
                Tom-K
                wrote on 6 Sept 2024, 23:35 last edited by
                #8

                The Japanese should buy Boeing. Maybe they'd get something to fly correctly.

                Flushing the toilet is like practicing the piano; you just cannot go too long without doing it.--Axtremus

                1 Reply Last reply
                • L LuFins Dad referenced this topic on 27 Sept 2024, 02:40
                • A Offline
                  A Offline
                  Axtremus
                  wrote on 18 Jun 2025, 17:12 last edited by
                  #9

                  https://www.nytimes.com/2025/06/18/business/us-steel-nippon-acquisition.html

                  Nippon Steel Completes Its Acquisition of U.S. Steel
                  The deal gives the White House extraordinary control over U.S. Steel as part of a pact to alleviate national security concerns.

                  1 Reply Last reply
                  • J Online
                    J Online
                    jon-nyc
                    wrote on 18 Jun 2025, 17:17 last edited by
                    #10

                    I was surprised no one brought up Trump's pseudo-nationalization of it earlier. Imagine what a president Warren (type) might do with such power over them.

                    Thank you for your attention to this matter.

                    L 1 Reply Last reply 19 Jun 2025, 12:25
                    • J jon-nyc
                      18 Jun 2025, 17:17

                      I was surprised no one brought up Trump's pseudo-nationalization of it earlier. Imagine what a president Warren (type) might do with such power over them.

                      L Offline
                      L Offline
                      LuFins Dad
                      wrote on 19 Jun 2025, 12:25 last edited by
                      #11

                      @jon-nyc said in Nippon Steel and U.S. Steel Merger:

                      I was surprised no one brought up Trump's pseudo-nationalization of it earlier. Imagine what a president Warren (type) might do with such power over them.

                      1. Let’s not pretend that Trump and Warren are leagues apart when it comes to economic issues. Trump’s closer to Bernie than he is DeSantis.

                      2. My understanding is that the golden share only allows them to ensure that the promised investments into the US Steel factories actually occur, and that production and other elements aren’t offshored. Still problematic, but not that problematic..

                      The Brad

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                      • J Online
                        J Online
                        jon-nyc
                        wrote on 19 Jun 2025, 13:33 last edited by
                        #12

                        From Cato’s Scott Linsicome:

                        This perpetual golden share prevents any of the following from occurring without the consent of the president of the United States or his designee:

                        Relocate U.S. Steel’s headquarters from Pittsburgh, Pennsylvania.
                        Redomicile outside the United States
                        Change the name of the company from U.S. Steel
                        Reduce, waive, or delay the $14 billion of near-term investments into U.S. Steel
                        Transfer production or jobs outside the United States
                        Close or idle plants before certain timeframes other than normal course temporary idling for safety, upgrades, etc.
                        Other protections regarding employee salaries, anti-dumping pricing, raw materials and sourcing outside the U.S., acquisitions, and more.
                        The AP adds that the golden share also gives the president “the authority to name one of the corporate board’s independent three directors and veto power over the other two choices.” Presumably other terms will emerge soon, but—regardless—these details are sufficient to turn my views on the U.S. Steel deal from vigorous support to aghast opposition.

                        Thank you for your attention to this matter.

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