RIO 0.30% $116.46 rio tinto limited

Rio paid Tom Albanese 28.1 million dollars to bugger off. Since...

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    Rio paid Tom Albanese 28.1 million dollars to bugger off. Since Sam Walch took the reigns, he's been paid nearly that in salary, shares and other benefits. So in three years, these two gentlemen have together pocketed nearly 60 million bucks, courtesy the benevolent shareholders of RIO. Let me just repeat that number... 60 million dollars given to two men in the past three years.

    As it happens, BCI and AGO currently have a combined market cap of nearly that number.

    Rather than causing such supply side damage as RIO and BHP have done in the hopes of squeezing out these small operators, wouldn't you think they'd just buy them out... The sixty mil paid to Walchy and Albanese would have come in handy for that...

    In a nutshell, it all speaks to the greed and intellectual sloth of the management class.
 
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