Marriner S. Eccles Blackwater, Australia: coking coal Edmund W. Littlefield Lucky Mc, Wyoming: uranium Marcona, Peru: iron ore Navajo Nation: steam coal Iron Springs, Utah: iron ore INTRODUCTION "This is one of the truly great success stories in recent American corporate business history," wrote Edmund Wattis Littlefield, a former president of Utah International, Inc. "It is a story where we took a mature 51-year-old company and converted it from its original business of heavy construction into a mining company with capabilities of ocean shipping and land development." Littlefield was brought into the company by Marriner Stoddard Eccles, nationally known for heading the Federal Reserve System in the 1930s and 1940s. Also, Eccles served as UCC president and as chairman of its Board of Directors. Littlefield and Eccles were related not by blood, but by familial and corporate roots running deep beneath the Rocky Mountains of Northern Utah. Each descended from converts to the Church of Jesus Christ of Latter-day Saints (LDS), who had emigrated from Europe. While each man's upbringing differed as much as his leadership style, together Eccles and Littlefield defined corporate success as an achievement far beyond that of a workaday company. Littlefield explained: "When I joined the company, mining was a newly-started sideline. By the time we merged with General Electric, we were the most prosperous, in terms of annual earnings, and the most valuable, in terms of stock market values, of any American-headquartered mining company. "We had passed companies we had thought of as giants: Kennecott, Arsarco, and Anaconda. Eventually we exceeded all these companies in earnings. We left companies like Morrison Knudsen in our wake. We made more money in a month than they would make in a year. "No individual does all this by himself," Littlefield added with characteristic generosity. "You have to start with the presumption that it takes a team to accomplish such a feat."