This is worth a read. By no means does the write down of BHP Shale Oil assets in the US devalue Yeager's business credentials but it clearly was a large hit to the company's bottom line. As we know, Mike Yeager, as the Head of the Oil Division, was the mastermind behind the purchase of these assets by BHP Billiton.
http://www.smh.com.au/business/mining-and-resources/bhp-writes-down-us-shale-assets-by-us28b-20120803-23jdk.html
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