FMG 5.53% $20.14 fortescue ltd

Ann: Fortescue Leadership Changes, page-82

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    There is no way, in my view, that this incident will affect any decisions already formulated as to potential dividend payout for this last half year.

    And don’t forget that any MAJOR financial impact on share pricing needs to be reported publicly to fully inform shareholders. Seems there is some cost blowout but more about behaviour among executives that have been shown the door.

    I suspect that the CEO will be on notice to not have this (whatever it is) happen again or she will have to leave. Twiggy will make sure of that me thinks!


 
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