Alcoa

From The Matrix

Alcoa (NYSE:AA) is an American company and one of the largest producers of aluminium.

Image:AlcoaLogo.png
Company Infobox
Company name: ALCOA Inc
Company type: Public
Foundation: 1894
Location: Pittsburgh, Pennsylvania
Industry:
Key people: Alain Belda, CEO & Chairman
# of employees: 120,000
Products: Metals
Revenue:
Net income:
Homepage: www.alcoa.com

In 1894, Pittsburgh Reduction Company was established. This company changed its name to Aluminum Company of America in 1907. By 1929, the name Alcoa had become a popular abbreviation—from the name of a company town set up in East Tennessee—but it was not until January of 1999 that Alcoa became the company's official name.

Paul O'Neill was chairman and CEO of Alcoa from 1987 to 1999, and retired as chairman at the end of 2000. In the early years of his chairmanship, O'Neill disbanded the Alcoa political action committee and fired many of the top level executives. O'Neill then instituted policies requiring all executives to post their weekly schedules publicly. Nearly all interoffice memos became available to all employees and staff meetings began to take place in lunchrooms. In 1990, when the United States Chamber of Commerce was critical of president George H. W. Bush's stance on increasing taxes, O'Neill pulled Alcoa out of the Chamber.

Alan Greenspan was on the board of directors in the mid-1980s.

The shares of Alcoa are listed in the Dow Jones Industrial Average of the New York Stock Exchange.