Friendly Takeover: How an Employee Buyout Saved a Steel Town

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Summary: The employees took over the company and kept it alive.
Review: Weirton Steel in West Virginia has now taken its place as one of the most successful employee buyouts in history. Because of the process that began in 1983, the company extended its life by twelve years and, according to the author, "probably will last another dozen." That's a big accomplishment in a business once thought destined for the scrap heap. The dramatic story of Weirton, with plenty of relevance for today, is dramatically and expertly documented by this attorney and experienced journalist who spent five years studying the process.