Iron Ore Price, page-479

I grow more and more suspicious that Sam Walsh must surely work for China. At what point is he going to finally acknowledge that he doesn't have the power to take market-share without destroying profitability - short term, medium term, long term IT'S A LOSING STRATEGY SAM. At what point does he realise that China has the power and will never ever let him monopolize iron ore all they have to do is prop up other companies, for example subsidise their local IO producers or invest in Brazil's valemax ships, purchase FMG, and yet Sam, poor Sam, at this point just can't handle the threat to his ego by admitting he got it wrong. How many billion is that ego costing Australia's treasury, costing investors in any IO company, costing the workers who will be losing rights and entitlements and having their pay-rates slashed all for what? Stupidity. RIO investors are going to get rid of him, it's just a matter of sooner or later IMHO.