Ann: Fortescue Leadership Changes, page-18

Looks like a $100m hit to FMGs bottom line to support this bunch of new bods to swan around the world for the next couple of years. The mass of appointments all sound very good and there are so many of them. It would be nice to think that they would produce some results very quickly but the CVs don't mean a great deal as it's runs on our scoreboard that count and I don't see a commensurate increase in the share price over the appointments. It comes down to hard-nosed results. FMG needs to come better than the 86c div from last time while carrying this mob as they have no runs on the board so far as FMG is concerned. FMG is nearly half of my holdings and I am self-funded so I'm an unwilling participant if I have to carry this lot for too long.