ɪn tˈuː θˈaʊzənd sˈɪks, hiː lˈɛd ɐ dˈiːl tʊ ɐkwˈaɪɚ pˌiːˌɛnˈeɪ stˈiːl, ˈʌltᵻmətli sˈɛlɪŋ ɪt tə ɹᵻlˈaɪəns stˈiːl ænd ɐlˈuːmɪnəm kˈoʊ. ɪn tˈuː θˈaʊzənd ˈeɪt fɚɹə nˈɛt pɹˈɑːfɪt ʌv dˈɑːlɚ fˈaɪvhˈʌndɹɪd twˈɛlv mˈɪliən.
In 2006, he led a deal to acquire PNA Steel, ultimately selling it to Reliance Steel & Aluminum Co. in 2008 for a net profit of $512 million.