Harbinger Capital Calls for New Ryerson Board

January 2007
Metal Center News;Jan2007, Vol. 47 Issue 1, p12
Trade Publication
The article focuses on the nomination of seven independent directors for the Ryerson Board by Harbinger Capital Partners, a minority stake holder of Ryerson Inc., a steel distributor in North America. Several reasons for the nomination included the lack of focus of board members on profitability and management of inventories, failure in the enhancement of shareholder value and their lack of experience in the industry. The company needs a change in its board level due to its underperformance.


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