"Hence, replacing CEO with one that has experience negotiating takeover offers from larger companies and all the retoric spun since the idea was putforward-"
Well a lot of people would say that BHP got a huge bargain off michelmore in 2005.
But whether that was Michelmore's fault or just lucky ( for BHP ) timing in the "resource supercycle" is debatable I guess.
But you certainly would not find a consensus that Michelmore is such a great achiever in that respect.
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