sam walsh, page-7

The fault rests entirely on the shoulders of those who were given one of the easiest opportunities in history to grow the wealth of a company over which they had stewardship. I'm talking about the board of directors. They're the ones who blew it. Nobody else is to blame. I have racked my brains trying to think of a comparable balls-up, but have been unable to do so. Suffice it to say that selling as much iron ore as RIO sold to China should have been a guarantee of wealth for all of their investors after ten years. It was a childishly simple task to achieve. But these blokes, the ones wearing the Rolex watches, couldn't do it. They did it for themselves - but they couldn't do it for us.