The ultimate culpability fell on Davos Man. He had rigged the system to ensure his further enrichment, while depriving working people of a commensurate share of the gains. U.S. Steel, the conglomerate that owned the Granite City mill, declared a loss of $440 million in 2016. Still, the company paid out $31 million18 in dividends to its shareholders. It provided a $1.5 million salary19 to its president and CEO, Mario Longhi, plus stock-based compensation and other benefits that swelled his total pay beyond $10.9 million.
