Monday
Oct292012
CEO of Anglo American, Pebble Mine’s biggest backer, has "resigned"
Monday, October 29, 2012 at 12:00AM
Under pressure from investors over the miner’s lagging share price, and continued dependence on troubled South Africa, Chief Executive Cynthia Carroll stepped down on Friday after more than five years in the job.
Despite cost cuts, analysts say that under Carroll, Anglo has lost one-third of its value on a U.S. dollar market capitalization basis and is now worth $25 billion less.
LINK (via: Reuters)
tagged Stop the Pebble Mine, cynthia carroll in News