BHP 1.08% $38.34 bhp group limited

kloppers'magma, hbi etc.

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    Well as has been predicted the media has woken up to writedown of the Petrohawk acquisition making it another one of those shareholder value loosing events that plague BHP everytime they get too much cash in the coffers. It's all about ego and the 'look what I bought mentality' of CEO's trying to put their own stamp onto the company archives, BHP is littered with such event. Kloppers should have learned from his predecessors, if he had distributed the excess cash to shareholders then the sp would be higher than where it is today, but obviously shareholders aren't happy (haven't been for a while) and maybe the reign of Kloppers is starting to look to be on shaky ground, in the past with these types of events the boards quickly deposed the incumbent. We know who the successor is likely to be, maybe change is good?
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