Australian mining giant RioTinto is in a wee bit of trouble.
Some months back, in Australia, they decided to blast and destroy an aboriginal archeological site that showed evidence of continuous human occupation for the last 46000 years.
They seemingly had legal authority to do this.
It nonetheless and understandably created a major public outroar.
Initially, Rio's Board decided to punish its senior executives by clawing back 7M in planned/approved bonuses.
This did not satisfy folks.............and now 3 execs including the CEO are either out of their job or soon will be.
Article here:
Rio Tinto's CEO and two senior executives will be replaced after an investor revolt forced the board to escalate its response to the Aboriginal cave blast crisis.
www.smh.com.au