:This article is about the company. For other uses, see Alcoa (disambiguation).
Alcoa ( NYSE:AA) is an American company and one of the largest producers of aluminum.
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. The company's non-aluminum products include consumer products, fiber-optic cables, food service and flexible packaging products, and plastic closures. Major markets include the aerospace, automotive, construction, and packaging industries. Alcoa has gained presence in China's aluminum market by forming a strategic alliance with Aluminum Corporation of China (Chalco).
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 committeeIn the United States, a political action committee or PAC is the name commonly given to a private group organized to elect or defeat government officials in order to promote legislation, often supporting the group's special interests. PACs are limited in 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 1990Events January January 3 Former leader of Panama Manuel Noriega surrenders to American forces. January 7 The Leaning Tower of Pisa is closed to the public due to safety concerns. January 9 Lt Gen Bazilio Olara Okello The man who led the coup aginst Dr Apo, when the United States Chamber of Commerce was critical of president George H. W. BushGeorge Herbert Walker Bush (born June 12, 1924) was the 41st President of the United States ( 1989 1993). Previously, he had served as ambassador to the United Nations ( 1971 1973), director of the CIA 1976 1977, and the 43rd Vice President of the United's stance on increasing taxes, O'Neill pulled Alcoa out of the Chamber.
Alan GreenspanAlan Greenspan KBE (born March 6, 1926) is an American economist and Chairman of the Federal Reserve. He is considered by many to be the leading authority and key participant concerning United States domestic economic policy. For example, he has been inst was on the board of directorsA board of directors is a group of individuals chosen by the stockholders of a company to promote their interests through the goverance of the company. Board members in most legal jurisdictions have specific fiduciary duties, whereby they act for the bene in the mid- 1980sMillennia: 1st millennium 2nd millennium 3rd millennium Centuries: 19th century 20th century 21st century Decades: 1930s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s 2020s 2030s Years: 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 Events and trends.
The sharesSee stock (disambiguation) for other meanings of the term stock A stock also referred to as a share is commonly a share of ownership in a joint stock company. The owners and financial backers of a company may desire additional capital to invest in new pro of Alcoa are listed in the Dow Jones Industrial Average of the New York Stock Exchange.
1 Financials
2003 Sales (mil.) $21,504.0
1-Year Sales Growth 6.1%
2003 Net Income (mil.) $938.0
1-Year Net Income Growth 123.3%
2003 Employees 120,000
2 Key People
Chairman and CEO Alain J. P. Belda
EVP and CFO Richard B. Kelson
EVP, Corporate Development Barbara S. Jeremiah
