tyb
In 1962, the Chairman and CEO of U.S. Steel was Roger M. Blough.
Roger M. Blough: served as Chairman and CEO of U.S. Steel from May 1955 to January 1969.
He is known for his role as the American steel industry's principal spokesman during a clash with President John F. Kennedy over steel prices in April 1962.
Blough's announcement of a larger-than-expected increase in the price of steel infuriated President Kennedy.
Under the threat of antitrust investigations and Congressional action, U.S. Steel and other major steel companies rescinded the price rise.