U.S. Steel is just one of those companies. Ranked No. 186 on the Fortune 500, it was founded all the way back in 1901 from the merger of several giants in the steel city of Pittsburgh in a deal involving Andrew Carnegie, J.P. Morgan, and Charles Schwab. It was the first $1 billion company in American history, on top of holding a record as the largest IPO of all time, and was created from a $492 million deal that would be valued at over $17 billion today, minting some 50 to 100 millionaires in the process.
Now you can add another big name to the long history of U.S. Steel, if perhaps only for a week or two: Lourenco Goncalves, CEO of the firm from Ohio that ranks number 170 on the Fortune 500.
