Albanese between rock and hard place

first_img Albanese between rock and hard place Sunday 20 February 2011 11:05 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Show Comments ▼ Tags: NULL It seems Rio Tinto chief executive Tom Albanese can’t win. After navigating the mining group through choppy financial waters to report record profit, lower debt and a $5bn buyback last week, Albanese’s firm was derided as “pathetic” and “boring” by the market.While a share buyback is generally the last refuge of a board that’s run out of ideas, investors are looking to the bellwether firm to share the spoils of the commodities boom as quickly as possible without the drama of another blockbuster acquisition attempt. Perhaps management should plump for the safe, albeit dull, option and return the cash while they still can. Share whatsapp whatsapp KCS-content last_img

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