ahead of the pack???

I just read an article in today's Age (link below).

An excerpt says....

"Neither BHP nor Rio talk about acquisitions now. Sam Walsh delivered a homily last week, when releasing Rio's results, about getting back to basics, accountability and operating like a small business. While expressed differently, Mackenzie delivered the same message this week. It's about focused investment on the large established assets and cost reductions. It's about bleeding the assets harder and reducing the expenditure and using it more judiciously."

We have heard some fairly loud protests on the OZL thread, saying they should have purchased another company - but it seems that maybe Terry Burgess was more disciplined than most, and may possibly survive where other CEO's have not


Read more: http://www.theage.com.au/business/kloppers-a-casualty-of-a-new-era-of-austerity-20130222-2ewzd.html#ixzz2LhUAlSBH