Rio Tinto Says CEO Jacques to Exit Company

Rio Tinto Says CEO Jacques to Exit Company

Assessment

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Business, History

University

Hard

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The transcript discusses the fallout from Rio Tinto's destruction of the Juukan Gorge, a site of significant Aboriginal heritage. Professor Marcia Langton emphasizes the need for cultural rebuilding within the company. Key executives, including CEO Jean-Sébastien Jacques, are stepping down. The incident, which allowed Rio Tinto to access more iron ore, has drawn widespread criticism, particularly from pension funds and advocacy groups, leading to a reversal in the company's initial response.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus for the company according to Professor Marcia Langton?

Rebuilding internal culture

Increasing profits

Reducing employee turnover

Expanding mining operations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was appointed to replace Chris Salisbury as head of the Iron Ore business?

Paul Smith

Ivan Vella

Simone Niven

Jean-Sébastien Jacques

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant cultural heritage was destroyed by Rio Tinto's blasting?

Ancient rock shelters

Natural landscapes

Historical buildings

Modern art installations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did AustralianSuper and other funds criticize Rio Tinto's initial response?

For hiring new executives

For not expanding operations

For insufficient punishment

For increasing bonuses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main concern of shareholder advocacy groups regarding Rio Tinto's response?

Increase in operational costs

Loss of market share

Weak response affecting future approvals

Reduction in workforce