Departing BHP boss Marius Kloppers is leaving the mining company in far worse shape than he found it — and being paid handsomely for it. Even Rich Lister Ivan Glasenberg took a swipe today.
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MARIUS KLOPPERS
Kloppers overreached but leaves BHP in good shape
Maris Kloppers will leave BHP Billiton in good shape. But his propensity to overreach has left its mark on the firm and the country, writes David Llewellyn-Smith of Macro Business.
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CEO succession: what Mirvac got right that BHP didn’t
BHP CEO Marius Kloppers is not likely to stay in the role too much longer, but with no succession plan, Kloppers has to stay around while a candidate selection search continues.
READ MOREHave BHP shareholders got their money’s worth?
Marius Kloppers should be grateful to his predecessors at BHP for creating a company able to withstand a series of multibillion-dollar management blunders.
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The seven sins of BHP boss Marius Kloppers
From bad deals to management absurdities, the BHP Billiton chief Marius Kloppers’ offences may never be forgiven. There’s only one chance to save his job, writes James Kirby at Business Spectator.
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Marius Kloppers: ‘if China does well, my company will do well’
As boss of the world’s biggest miner BHP Billiton, Marius Kloppers is helping build China, and has made a killing out of the country’s insatiable demand for resources, writes Tom Cowie.
READ MOREBHP’s social responsibility stance … a PR stunt, or what?
When the head of a major transnational corporation announces an epiphany on corporate social responsibility it is appropriate to be sceptical, writes freelancer David Ritter.
READ MOREDenniss: my tactics for debating Monckton
Only the media can explain why they have given so much attention to extreme and ill-informed views about climate change and choose not to give a similar platform to a range of other conspiracy theorists, writes Dr Richard Denniss.
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Bartholomeusz: Woodside’s shell is cracking
BHP Billiton has, perhaps temporarily, doused the flames of expectation that it was about to mount a $46 billion bid for Woodside Petroleum.
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The lucky-dip stall that is carbon pricing
The carbon pricing to date in Australia has been like an intimidating and not very enticing lucky-dip stall at a carnival, writes John Connor, CEO of The Climate Institute.
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Bartholomeusz: BHP Billiton’s missing billions
Last week Marius Kloppers had analysts scratching their heads after he revealed BHP Billiton planned to spend $US80 billion investing in its current portfolio over the next five years.
READ MORELabor exposed and under fire on mining tax
The steady drip of mining profit announcements will expose Labor’s half-baked position on a mining tax. And it has nobody to blame but itself.
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Bartholomeusz: keeping BHP’s powder dry
It’s odd to say a company expanding its capital management program, increasing dividends and boosting production is keeping its powder dry. But that’s the conclusion from the BHP results.
READ MOREBartholomeusz: BHP’s divine intervention on coal
Earlier this year BHP Billiton succeeded in its quest to convert the iron ore market from one based on annual benchmark price negotiations to one where the prices are set by reference to the market. Now it could do something similar to the pricing of coking coal.
READ MOREDespite Paperlinx shares tumbling, CEO earns big
Forget about CPI, if you want to see real inflation, have a read through the remuneration reports of ASX-listed companies.
READ MOREMungo: all bets are off for PM, Abbott still locked in the past
Everything is up for grabs once more, and as far as Julia Gillard is concerned, she is starting pretty much with a blank sheet.
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Kloppers reignites climate debate
Politicians should be wary of business leaders - such as BHP CEO Marius Kloppers - urging action on issues like climate change.
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BHP, Rio still worth more than world’s biggest company
Even after all these claims that the proposed RSPT has smashed resource company share prices, the combined market capitalisation of BHP and Rio today is about $400 billion.
READ MOREMeagre stipends see BHP execs through tough times
The world is only slowly emerging from a deep recession, but the bank balances of BHP senior executives have not been too badly hurt.
READ MOREArcelorMittal hits the panic button
The world’s biggest steel company has announced it is cutting 9000 jobs as commodity markets continue their contraction, writes Glenn Dyer.
READ MOREWhat is BHP hatching with Oz Minerals?
In the wake of BHP Billiton calling off its shotgun marriage to Rio Tinto, the Big Australian is looking at a deal with OZ Minerals, writes Glenn Dyer.
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