|Bill Jacobus via Flickr|
|Because of a glut in product and lack of demand, US Steel wants cheaper land leases|
US Steel President and CEO Mario Longhi's executive compensation last year eclipsed $13 million. That windfall, consisting of a $1.2 million base salary, $7.5 million in stock awards, and $4 million in "nonequity incentive plan compensation," amounted to a $7.6 million raise from 2013.
Still, despite having its most profitable year since 2008 -- it reported $275 million in fourth-quarter net profits alone -- the 144-year-old American industrial icon is asking for a sweet new batch of welfare from the state of Minnesota.
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