Pat Mayer Management Policy 11-2-11 Strategic Audit-AK brand subsection I- Current Situation AK mark is a company that manufactures carbon, unmarred and electrical stain. They buyers of the hot and cold-blooded carbon leaf blade argon construction companies, steel distributors, suffice centers, automotive, and industry machinery producers. The cold trilled and aluminum coated guiltless steel to automakers. AK steel in any case produces electrical steels for the makers of power transmittance and distribution equipment. Their current CEO, chairman, and president is Jim Wainscott. Wainscott has been the chairman since 2006. He was an meanwhile CEO and prexy in September of 2003 following an executive management change, and was given the decreed name of CEO and hot seat in 2006. The maiden two years of him being President and CEO, he helped break up long-term disputes including customers, labor unions, goernment agencies, and environmental groups. He was so w inning at mitigationg these problems that he really received praise from antecedently harsh critics of AK steel. Since he began in 2003, AK steel posted a record safety performances, rapture levels, productivity, revenues, and customer satisfaction in his first two years, the he has earned the trust of the faultless company. As of 2010, AK Steel had over 6,000 employees.
Currently at once, AK steel stock price opened today at 8.52 and when I last checked it was at 8.50 per share. As of November 2011, AK steel has a net income of 8.7 million with a coarse profit of 110,000,000, which is shadower three as of right now. In 2009, a retired steel worker ! by the name of quill Connor joined a lawsuit against AK Steel with regards to cuts to their retirement benefits. AK Steel cut benefits in their contract and they were required to pay health benefits for the rest of their lives. The fundamental ended up being over $3,000 a year just to cover health and dental. The apprehension for this lawsuit is that they were guaranteed in their pension...If you want to get a exuberant essay, order it on our website: BestEssayCheap.com
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