Corporations: Off to the Creek Bank

Tacked to bulletin boards in the sprawling Lone Star Steel plant near Daingerfield in East Texas was a folksy message to the company's 4,600 employees: "I've got a can full of worms, a bucket of minnows and a cane pole, and I'm headed for the creek bank." Thus last week did white-haired, Stetson-hatted E. B. (for Eugene Benjamin) Germany, 69, announce his retirement after 15 years as president of one of Texas' most remarkable and controversial corporations. Continuing as chairman, Germany will be replaced as Lone Star's chief executive officer by tough,...