May 18, 2024

News and Political Commentary

Nippon Steel’s Wily President Key to Battle Over US Steel

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US politicians and unions trying to derail the foreign takeover of United States Steel Corp. will have to defeat a tough negotiator from the other side of the Pacific: Eiji Hashimoto.

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(Bloomberg) — US politicians and unions trying to derail the foreign takeover of United States Steel Corp. will have to defeat a tough negotiator from the other side of the Pacific: Eiji Hashimoto.

The president of Nippon Steel Corp. and architect of its $14.1 billion deal to create the world’s second-largest steel company has built a reputation over the years as a wily executive willing to take on his biggest customers. Before embarking on tough discussions, the 68-year-old is known to swim laps at his local health club to build up physical and mental stamina.

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Bloomberg News

2023-12-19 21:09:40

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