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== Business leadership (1976β1983) == Mulroney took the job of executive vice president of the [[Iron Ore Company of Canada]], a joint subsidiary of three major U.S. steel corporations. Mulroney earned a salary well into the six-figure range. In 1977, he was appointed company president. Drawing upon his labour law experience, he instituted improved labour relations, and, with commodity prices on the rise, company profits soared during the next several years. In 1983, Mulroney successfully negotiated the closing of the [[Schefferville]] mine, winning a generous settlement for the affected workers.<ref>{{cite news|url=http://archives.cbc.ca/IDC-1-73-1469-9795/politics_economy/brian_mulroney/clip5|publisher=[[CBC News]]|title=Private life after public loss β Television β CBC Archives|access-date=April 26, 2006|archive-date=December 21, 2007|archive-url=https://web.archive.org/web/20071221235721/http://archives.cbc.ca/IDC-1-73-1469-9795/politics_economy/brian_mulroney/clip5|url-status=live}}</ref> In the wake of his loss in the 1976 leadership race, Mulroney battled alcohol abuse and depression for several years; he credits his loyal wife Mila with helping him recover. In 1979, he permanently became a teetotaller. During his IOC term, he made liberal use of the company's executive jet, frequently flying business associates and friends on fishing trips.<ref name="ReferenceA" /> Mulroney also maintained and expanded his extensive political networking among business leaders and conservatives across the country. As his business reputation grew, he was invited onto several corporate boards.<ref name=camp/>
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