Rod Carnegie: corporate giant felled at the final hurdle
Sir Rod Carnegie, who has died at the age of 91, soared across the corporate sky in the ’70s and ’80s but was thwarted in his attempt to secure full Australian local control of mining giant CRA.
Rod Carnegie, a business giant who spent 14 years at the top but failed in his quest to peel CRA away from its UK parent, Rio Tinto, died on Sunday after a brief illness. He was 91.
Carnegie exerted significant influence over Australian mining, business and politics in the ’70s and ’80s. He was a trendsetter who ultimately crashed due to CRA’s lower profit margins and the determination of its UK corporate masters to reassert control.
Andrew ClarkSenior writerAndrew Clark is a former editor of The Sun-Herald and Australian Business. He was a correspondent in Europe and North America, a political correspondent in Canberra and has been a journalist for more than 55 years. Email Andrew at aclark@afr.com.au
