The history of Nucor starts with Ransom E. Olds. Olds, founder of Oldsmobile, created Reo Motor Cars in the early part of the twentieth century. In 1955 Reo Motor Cars was dissolved to form the Nuclear Corporation of America (NCA). NCA was comprised of a number of different companies, none of which did particularly well.
From 1955 to 1965 NCA had eight money-losing years leading to a reorganization of the company and the appointment of Kenneth Iverson as president. Iverson, along with Vice President Samuel Siegel decided to divest NCA's money losing business and rebuild the company around…
