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Stock impact report

CEO berates analysts on conference call: 'You are a disaster...they will have to commit suicide' [CNBC]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: CNBC
show chapters Cleveland-Cliffs CEO Lourenco Goncalves berated Wall Street analysts and investors betting against his stock during the company's third-quarter earnings conference call on Friday, saying they can't read numbers. Referring to an unspecified individual, he added that the company's stock buybacks are going to screw this guy so badly that ... they will have to commit suicide. Cleveland-Cliffs bills itself as the largest and oldest iron ore miner in the U.S. Goncalves' rant began after the first analyst question on the earnings call: It's unbelievable that this big banks has still employ this type of people, you should resign for your lack of knowledge of things, it's not like that you don't understand, you are very one of the best, it's not like you don't understand our business , you don't understand your own business. You are a disaster. You are an embarrassment to your parents. With this being said, we are going to use money to rewar Show less Read more
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