Daniel R DiMicco Net Worth is22.7 $Million
VN:F [1.9.22_1171]
deserves the money?
Rating: 3.0/5 (6 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 0.0/5 (0 votes cast)
Company Name: Nucor Corporation
Company Logo: Image:Nucor logo.JPG
Company Type: Public company
Traded As: NUE, S&P 500
Foundation: 1940
Location: Charlotte, North Carolina, USA
Key People: Daniel R. DiMicco, Chairman, CEO, & President
Num Employees: 20,400 (2010)
Industry: Steel & Iron
Competitors: United States Steel
Revenue: net income
Homepage: [http://www.nucor.com www.nucor.com]
Nucor Corporation, a Fortune 300 company headquartered in Charlotte, North Carolina, is one of the largest steel producers in the United States, and the largest of the "mini-mill" operators (those using electric arc furnaces to melt scrap steel, as opposed to companies operating integrated steel works with blast furnaces). Nucor claims to be North America's largest recycler of any material, recycling one ton of steel every two seconds. The total annual steelmaking capacity of the company is 25 million tons.
Nucor's history consists of three distinct eras: the Reo Motor Car era, the Nuclear Corporation of America era, and the current Nucor era.
Nucor's origins are with auto manufacturer Ransom E. Olds, who founded Olds Motor Vehicle Company in 1897 (later, as Oldsmobile, to become a part of General Motors). Having left his company years before it was acquired by GM, in 1905 Olds established a new company, REO Motor Car Company, the predecessor to Nucor, in Lansing, Michigan. Though Olds' cars, including the luxurious REO Flying Cloud, were popular, they were not profitable, and the company's more successful truck business (featuring the famous REO Speed Wagon) was still not sufficiently profitable to avoid a bankruptcy filing in 1938.
As part of the bankruptcy reorganization, REO exited the car business to concentrate on trucks, and after World War II, attempted to diversify into lawn mowers. The reorganized company continued to underperform, and finally in December 1954, REO sold off its entire manufacturing operations to Bohn Aluminum and Brass Corporation (suffering a $3 million loss on the sale).
After the sale, REO was left with $16 million in cash on hand and no trading businesses. The company initiated liquidation proceedings, with the goal of selling its few remaining assets and distributing the cash to creditors and shareholders.
However, a group of dissident shareholders noticed the tax loss and successfully challenged the liquidation in a pr

Daniel R DiMicco Net Worth, 3.0 out of 5 based on 6 ratings
(Visited 14 times, 1 visits today)

Daniel R DiMicco Latest News

Nucor's Ferriola to succeed DiMicco

Nucor Corp., the largest U.S. steelmaker by market value, said Chief Operating Officer John J. Ferriola will take over from Daniel R. DiMicco as chief executive officer on Jan. 1. DiMicco, 62, who has led the Charlotte, N.C.- based company for 12 years ...
Posted: November 16, 2012, 4:01 pm

Steelmakers profit with a different tack

"What has enabled us to be the most profitable is that we are low-cost focused, highly efficient, and our culture actually works to bring out the best in people," said Daniel R. DiMicco, Nucor's president and chief executive. "We are also the most ...
Posted: March 30, 2002, 4:00 pm

Nucor Chairman Emeritus Daniel R. DiMicco Inducted into North Carolina Business Hall of Fame

CHARLOTTE, N.C., Nov. 18, 2015 /PRNewswire/ -- Chairman Emeritus and former President and Chief Executive Officer of Nucor Corporation (NYSE: NUE) Daniel R. DiMicco was inducted into the North Carolina Business Hall of Fame on November 17 by the Junior ...
Posted: November 18, 2015, 2:38 am
Related Topics:
Daniel R DiMicco, Daniel R DiMicco Age, Daniel R DiMicco Bio, Daniel R Dimicco Biography, Daniel R Dimicco Chairman Ceo & President, Daniel R DiMicco Country, Daniel R DiMicco Date Of Birth, Daniel R DiMicco Earnings, Daniel R DiMicco Ethnicity, Daniel R DiMicco Gossips, Daniel R DiMicco Height, Daniel R DiMicco History, Daniel R DiMicco Home Town, Daniel R DiMicco Images, Daniel R DiMicco Income, Daniel R DiMicco Job, Daniel R DiMicco Nationality, Daniel R DiMicco Net Worth, Daniel R DiMicco Networth, Daniel R DiMicco News, Daniel R Dimicco Nucor, Daniel R DiMicco Partner, Daniel R DiMicco Place Of Birth, Daniel R DiMicco Rumors, Daniel R DiMicco Salary, Daniel R DiMicco Secrets, Daniel R DiMicco Videos, Daniel R DiMicco Weight, Daniel R Dimicco Wiki, How Much Is Daniel R DiMicco Earnings, How Much Is Daniel R DiMicco Income, How Much Is Daniel R DiMicco Net Worth, How Much Is Daniel R DiMicco Salary, How Much Is Daniel R DiMicco Worth, Mr. Daniel R. Dimicco, Who Is Daniel R DiMicco,