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DewDiligence

02/15/13 3:53 PM

#6550 RE: jbog #6549

By comparable terms, CLF's management make the Rio guys look brilliant.

CLF’s management is more inept and has had more individual screw-ups than RIO’s management; however, RIO’s one big screw-up (overpaying for Alcan) was so colossal it outweighs everything CLF has done wrong in terms of shareholder-value destruction.

Moreover, CLF still has a decent chance to be acquired at some point, but I doubt that anyone would pursue RIO.