IKN

To quit this horrid act

They tell me Steve Letwin, CEO of IAMGOLD (IMG.to) (IAG), appeared on BNN this morning

Yup, here’s the segment, which comes with…

We dig into the latest quarterly results from a gold miner that’s been cutting costs in the wake of a slumping price for bullion. Frances speaks with Steve Letwin, President and CEO about the company’s recent move to cut its executive team by 40%, and what his plans are as the head of IAMGOLD.

…as a blurb and “IAMGOLD CEO: The board will decide whether I stay or go” as a title. And here’s how the share price reacted:

Because this afternoon, Steve Letwin is still CEO. And he talked total bollocks on live TV.

IKN thanks reader JG for the headsup

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