Renaissance and Retrenchment in the 1970s

Abstract

17. The pinnacle of US Steel's industrial disinvestment was in the early 1980s, when, after more than forty consecutive years of profits, it shuttered many of its mills, while continuing its real estate development activities and purchasing Marathon Oil, which was at that time the biggest merger in American history. 18. Sistaker, "The Quiet Billionare," 151.