The steel industry has changed radically over the last two decades,
as large, integrated companies such as Bethlehem Steel once conducted operations from mining at one end of the process to shipping at the other have greatly downsized, or in some cases shut down altogether.
(A) as large, integrated companies such as Bethlehem Steel
(B) as large, integrated companies, such as Bethlehem Steel, that
About "that":
I guess we can omit "that" in some cases such as:
1) The book I read. (without "that")
2) The book that I read. (with "that")
Both of these sentences are correct. Even though we did not write "that" in the first example, "that" is implied.
Coming back to the question:
(A) As large, integrated companies such as Bethlehem Steel
once conducted operations from X to Y have greatly downsized.
should be equal to:
As large, integrated companies such as Bethlehem Steel
THAT once conducted operations from X to Y have greatly downsized.
Therefore, I do not understand why so many people in this forum think that (A) has two main verbs (conducted & downsized). I think there is no two main verbs. "Conducted" is a verb of the
modifier (blue), in which "that" is ommited.
However, in my opinion, why (A) is not correct is because even though "that" is ommited in the
modifier, that
modifier refers to "Bethlehem Steel". This is not correct, because the
modifier should modify "large, integrated companies", not "Bethlehem Steel".
On the other side, choice (B) clearly puts "that" to modify "large, integrated companies", hence, is the correct option.
Any thoughts?