Fortescue Metals Group’s interim earnings call last Wednesday should be studied by undergraduate students in psychology for decades to come. Executive chairman Andrew Forrest exhibits all the signs of a man hanging onto reality by a very thin thread.
He began by assuring participants “I will be gladly handing over to [Fortescue Future Industries CEO Mark Hutchinson] and [FMG CEO] Fiona Hick … so you won’t hear that much from me”, before completely dominating proceedings.
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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news
