Business
‘Twiggy’ Forrest collects $1.6b as Fortescue’s profit surges – Sydney Morning Herald
Mining giant Fortescue will pay a record half-year dividend, sending $1.6 billion to its biggest shareholder Andrew ‘Twiggy’ Forrest.
Fortescue chief executive Elizabeth Gaines said the resignations came after a review determined a breakdown in team culture, which resulted in poor communication at a leadership level between the project team and the wider organisation.
News wasnt being shared and that meant challenges werent being addressed in a timely way, Ms Gaines said.
UBS resources analyst Glyn Lawcock said the revelations were concerning and could affect investor confidence in Fortescues plans to lead a global push into green…
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