Business Career With Armco
In 1949, Holiday went to work for steelmaker Armco, Inc. (originally American Rolling Mill Co.), where his father had been a plant manager for many years. Holiday began as an assistant metallurgist in the company's Middletown, Ohio plant, and stayed with the company for 36 years until his retirement. He was appointed president in 1974, and chief executive officer in May 1979, and added the title of chairman in 1982. Holiday, "known for his optimistic determination, helped lead the steel industry through the boom of the 1960s and the troubled times that followed in the 1970s and 80's." He frequently called on the federal government to ensure that steel imports were legal, and, facing an economic downturn in the 1970s, pushed Armco to diversify. In 1984, Holiday had a heart attack, but recovered and returned to his position as Armco's CEO. Holiday retired from Armco in January 1986 and later served as a director for Adience, Inc., NBD Bank, N.A., ASARCO Incorporated, and Birmingham Steel Corp. In 1998, as Armco fell on hard times, Holiday and the company's other retired executives successfully sued to restore life insurance benefits granted under a plan that was supposed to last their lifetimes.
In February 1999, Holiday died of a heart attack in Boynton Beach, Florida. Holiday was survived by his wife of 51 years, Kay Watson Holiday, a daughter, Edith, two sons, Harry Holiday III, and Albert Holiday.
Read more about this topic: Harry Holiday
Famous quotes containing the words business and/or career:
“Chief among our gains must be reckoned this possibility of choice, the recognition of many possible ways of life, where other civilizations have recognized only one. Where other civilizations give a satisfactory outlet to only one temperamental type, be he mystic or soldier, business man or artist, a civilization in which there are many standards offers a possibility of satisfactory adjustment to individuals of many different temperamental types, of diverse gifts and varying interests.”
—Margaret Mead (1901–1978)
“What exacerbates the strain in the working class is the absence of money to pay for services they need, economic insecurity, poor daycare, and lack of dignity and boredom in each partner’s job. What exacerbates it in upper-middle class is the instability of paid help and the enormous demands of the career system in which both partners become willing believers. But the tug between traditional and egalitarian models of marriage runs from top to bottom of the class ladder.”
—Arlie Hochschild (20th century)