BHP

When are shareholders going to hold the inept management to account;
1)Merger With Billiton- Cost effectively 100 billion in BHP capital for a company effectively spun off for 15 billion. Even worse BHP got KLOPPERS
2)WMC takeover- 9.2 Billion top of the market aquisition, look at Ni west today they cant even give it away. POOR STRATEGY
3)Ravensthorpe development- 3.3 Billion Writedown from Ni laterite in the highest energy cost market in the world, further away from customers than multi decade reserves in indo, new caledonia, Philippines. DUMB
4) FAILED Takeover attempts of RIO (2007), WPL (2011) and PotashCorp(2010) that were all poorly timed failures that would have been worse for BHP if they were actually allowed.
5) Petrohawk takeover-cost 12 Billion for top of the market oil shale that would be worth what in today's oil market???? zero

Basically all BHP management do is organise these sort of deals, the China boom was luck not their great vision. What would your boss say if you had a Performance history like this?
YOUR FIRED