CLEVELAND (AP) - The former head of LTV Corp. said that politicians won't help to stave off the steel company's critical problems.
On Saturday, LTV workers and some elected officials held a protest march and rally three days before a crucial bankruptcy court hearing that could determine the future for the embattled company.
Chairman William Bricker resigned Thursday afternoon, hours after LTV attorneys had appeared in bankruptcy court to promise that the company would continue steel production until the hearing on Tuesday.
Bricker, in a telephone interview from his Dallas home, told a Cleveland television station that he was always honest and forthcoming about the company's severe financial problems. He was critical of elected officials who have been rallying LTV workers the past few days and had called for his resignation.
Bricker said the city of Cleveland would be better off "to recover and move forward."
(Copyright 2001 by The Associated Press. All Rights Reserved.)