Reuters - Video

Edition: U.S. | U.K. | IN | CN

Top News

Breakingviews: Rio’s Rushed Reshuffle

Thursday, January 17, 2013 - 03:57

Jan. 17 - Rio Tinto's new CEO, Sam Walsh, is experience and capable, but the decision to replace Tom Albanese immediately looks rushed, says Breakingviews.

▲ Hide Transcript

View Transcript

-- not succession makes bad news that were us that is the breaking news take on the exit of Rio Tinto CEO Tom Albany's Chris Hughes. Joins me now this is get the facts straight fourteen billion dollar write down. A three from Mozambique operations of 9/11 from -- -- -- Austria's Alcan acquisition Eisen. I don't think it's wrong. That's a very good question how -- the years from zero to ten big deals. Where the company has made. Rio terrorism judgment now with the for the same reasons that something. Wrong in the DNA of -- in the ways it's. It's. Approves big transactions. -- encumbered the part of me that surely. We have very different and the write downs it be for different reasons -- votes on the market -- I mean and outcomes case that was not. The the ride down there's more prone ourselves. Come in the day in. -- -- -- Public auction process. Remember about him seven. That the that the humans with the -- and it's just -- Paul. And you can you can see how. That's transaction gains in the mend some of its iron. On the coming into the path of paying. In the case all of ridges fail this -- on behalf. Commendable and turned 211. It looks more life. The I mean it's who was more worrying is that part of the looks like a failure of really. Basic due to distance. -- that they now think that the it's. You know the quality of the our citizens think right there are questions. The route to market to me this is -- Basis basics out of every it really shouldn't -- -- al-Qaeda is the fact that. -- the the the the opinion on this the breaking news opinion is okay. Maybe fourteen billion as a bit of surprise and -- that march. I'm now openly is doing so quickly that the surprise to you guys and you'll saying maybe that's a little bit to race. Well I'm in my always been has been. All walks for a while the cause. I'll turn. Technically out from under his watch as I said that it happened this. I only moments. Off the conception trained by -- previous regime is still his they'll. Now there was a sense that I Steve -- always got a bit of a reprieve I think investors were expecting a more than the conventional succession process. -- places via. The way it is normal internal konduz and Marcus. But this sort of crisis with Mozambique has forced the issue there may be that actually. Bringing for the appointment making an instant snapped in total appointment in this -- foremost is the least the options. Facing. -- I mean it's smoltz. If not the way things than what we've done. He's been -- Quote 10. And normally you would expect that to be a move to a formal good -- It's some he is that that the content. Wolf is is is -- -- in these very experienced it is there a reason say that. That he's the sort of the wrong person. But you Roman not. Do these things that -- right and they grip and it didn't agree Russian involvement will be forced into the in the weather system and install as a quicker. -- surrogate Chris you read the full peace now on the breaking news sites and of course on the Roy just want. -- for more -- setting aside what's the US show you out of comes on every day twelve birdies in 1730 GMT I'm -- problem -- his choices.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: Rio’s Rushed Reshuffle

Thursday, January 17, 2013 - 03:57

Top News »

Editors' Picks »

Most Popular »

Business »

Moving Pictures »

Images of December Images of December

Tue, 23 Dec, 2014 - (0:30)

Tsunami - unclaimed possessions Tsunami - unclaimed possessions

Tue, 23 Dec, 2014 - (2:23)

Images of November Images of November

Tue, 02 Dec, 2014 - (0:30)

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Oddly Enough »

Red pandas frolic in the snow Red pandas frolic in the snow

Tue, 27 Jan, 2015 - (1:31)

Sheep herded to create Australian flag Sheep herded to create Australian flag

Tue, 27 Jan, 2015 - (0:37)

Thailand beach road becomes bed race track Thailand beach road becomes bed race track

Mon, 26 Jan, 2015 - (0:58)

Rhino born at Copenhagen Zoo Rhino born at Copenhagen Zoo

Mon, 26 Jan, 2015 - (0:46)

Robots dance in mass-games fashion Robots dance in mass-games fashion

Wed, 21 Jan, 2015 - (1:30)

India has most of the world's tigers India has most of the world's tigers

Wed, 21 Jan, 2015 - (1:22)

Cat saves abandoned baby Cat saves abandoned baby

Tue, 20 Jan, 2015 - (1:09)

Sports And Leisure »

Diver Daley trains in Rio Diver Daley trains in Rio

Tue, 27 Jan, 2015 - (0:55)

Drogba on his Chelsea hopes Drogba on his Chelsea hopes

Mon, 26 Jan, 2015 - (0:52)

NBA legend shoots from the hip NBA legend shoots from the hip

Wed, 14 Jan, 2015 - (1:13)

Tennis ace Murray proposes to girlfriend Tennis ace Murray proposes to girlfriend

Thu, 27 Nov, 2014 - (0:41)

Sports Spread: Tinkering Liverpool target Chelsea Sports Spread: Tinkering Liverpool target...

Thu, 06 Nov, 2014 - (11:18)

Flying car prototype takes to the skies Flying car prototype takes to the skies

Wed, 29 Oct, 2014 - (2:18)

Sports Spreads: Can van Gaal beat Mourinho? Sports Spreads: Can van Gaal beat Mourinho?

Thu, 23 Oct, 2014 - (12:39)

Dateline Asia »

Fashion designers finding haste makes waste Fashion designers finding haste makes waste

Tue, 27 Jan, 2015 - (2:07)

Be afraid, the Chinese are spending less Be afraid, the Chinese are spending less

Mon, 26 Jan, 2015 - (1:33)

Asia markets shrug at Greek elections Asia markets shrug at Greek elections

Mon, 26 Jan, 2015 - (1:36)

Asia markets toast ECB stimulus Asia markets toast ECB stimulus

Fri, 23 Jan, 2015 - (1:42)

Asia Week Ahead: Markets await Greece vote Asia Week Ahead: Markets await Greece vote

Fri, 23 Jan, 2015 - (1:18)

Netflix to push play in China Netflix to push play in China

Thu, 22 Jan, 2015 - (1:41)

Japan in a tight spot over hostage crisis Japan in a tight spot over hostage crisis

Thu, 22 Jan, 2015 - (1:05)

Behind the pretty face of K-pop Behind the pretty face of K-pop

Thu, 22 Jan, 2015 - (2:09)

Record slowdown in China's economic growth Record slowdown in China's economic growth

Tue, 20 Jan, 2015 - (1:52)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)