Business
Inside job: Rio’s appointment reveals board’s tin ear – Sydney Morning Herald
Rio Tinto’s decision to appoint an insider based in London as its new leader epitomises a board not listening to shareholders, politicians and Indigenous groups….
The need to rebuild Rios battered reputation was far too subtle.
Stausholm, to his credit, told investors he was acutely aware of the need to restore trust with traditional owners and other stakeholders. He didnt elaborate on what that actually meant.
Given the CEOs job was up for grabs solely due to the Juukan Gorge disaster, it is disappointing that Rio chairman Simon Thompson didnt make more of it.
Perhaps he was hoping that the soaring iron ore price, the decision by three executives including…
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