Rio Tinto Exits Leave Bigger Problems Behind

(Bloomberg Opinion) — An explosion that destroyed a 46,000-year-old sacred Aboriginal site on a Rio Tinto Group iron-ore mine in May has now ripped through the top ranks of the company.Chief Executive Officer Jean-Sebastien Jacques, iron-ore boss Chris Salisbury, and corporate-relations executive Simone Niven will all leave the company, Rio Tinto announced Friday.It’s an overdue sign that the board is finally getting to grips with the issue, after seemingly thinking they had solved it with a review and the scrapping of bonuses last month. The company had to “move on” if the three executives didn’t have the confidence of “critical …read more

Source:: Yahoo Finance

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