2

Rio Tinto 2011 Profit Slumps On Aluminum Impairment Charge; CEO, CFO Forgo Bonus

http://feeds.foxbusiness.com

Rio Tinto PLC (RIO) said Thursday its chief executive and chief finance officer will forego their annual bonuses after the company's 2011 profit was dragged down by a US$9.29 billion impairment charge mainly against the value of its struggling aluminum business that more than offset the benefit of stronger commodity prices.

Read »
Created by 2cool Made popular 14 weeks 4 days ago