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US Steel Exes Furious that Biden Nixed buyout by Nippon Steel
[DailyWire] "President Biden's action today (I think Biden's action was on 3 January) is shameful and corrupt," said U.S. Steel President and CEO David Burritt. "He gave a political payback to a union boss out of touch with his members while harming our company's future, our workers, and our national security."Burritt said that Biden refused to meet with the company to "learn the facts." "The Chinese Communist Party leaders in Beijing are dancing in the streets," Burritt said. "We needed a President who knows how to get the best deal for America and work hard to make it happen. Make no mistake: this investment is what guarantees a great future for U.S. Steel, our employees, our communities, and our country. We intend to fight President Biden's political corruption." ---------------------------- FWIW, Nippon Steel is a publicly traded company (NISTF) on the OTC. US Steel is also publicly traded (X) on the NYSE. Maybe it is anti competitive but I can't see what the national security issue is as both companies are owned by the general public Posted by: Lord Garth 2025-01-06 |
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