The history of Nucor starts with Ransom E. Olds. Olds, founder of Oldsmobile, created Reo Motor Cars in the early part of the twentieth century. In 1955 Reo Motor Cars was dissolved to form the Nuclear Corporation of America (NCA). NCA was comprised of a number of different companies, none of which did particularly well. From 1955 to 1965 NCA had eight money-losing years leading to a reorganization of the company and the appointment of Kenneth Iverson as …
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…level of commitment as they did by staying with the company during its recession, despite of pay cuts, that says something. Many American companies see their employees as a means to an end. Nucor sees its employees as people willing to give their time and efforts to help a company be profitable. As such, their employees feel respected and appreciated. Ken Iverson discovered a long time ago that a happy worker is a productive worker.