USX Deal Payouts Slammed

Posted 10/4/24

Determinedly beating the drum for steelworker votes and economic populism, two of the leading Senate opponents of the purchase of US Steel by a Japanese rival drew attention to the executive compensation of the Pittsburgh steelmaker.

According to the March 12 proxy asking investors to approve U.S. Steel’s current and former top executives would receive payments totaling over $156 million – not including $40.8 million in payments to non-employee board members.

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