7 Fascinating Things You Probably Didn't Know About Nucor Corp.
It's one thing to dig into a company's numbers, but it's another to take a little time and really get to know how it operates. Often that leads to a deeper understanding of how those numbers came to be, and why great companies are, in fact, great companies. U.S. steel giant Nucor Corp. (NYSE: NUE), for example, is worth getting to know in depth, because it helps explain so much about how it became one of the best companies in the steel industry.
Nucor was founded as the REO Motor Company in 1905. The man behind REO was Ransom E. Olds, who had previously founded Olds Motor Works, home of the Oldsmobile marque (a once famous car brand, if you are too young to recall the nameplate). According to Nucor, Olds had a dispute with stockholders that led him to leave the first automaker to bear his name and found a competitor. That was a bit of a maverick move, to say the least, and it set the tone for the company's entire history.
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Source: Fool.com
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