CEO to stock analysts: "You are an embarrassment to your parents" [CBS News]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: CBS News
Cleveland-Cliffs stock dips as CEO rips Wall Street analysts Lourenco Goncalves, CEO of iron-ore producer Cleveland-Cliffs, was in no mood to mince words Friday during a conference call with Wall Street analysts to discuss the company's latest earnings. "You guys should resign for your lack of knowledge of things," the CEO said. "You are a disaster. You are an embarrassment to your parents." Then he got personal. "We are going to screw this guy so badly that I don't believe that they will be able to only resign. They will have to commit suicide," said Goncalves, Cleveland-Cliffs' CEO since 2014, in an apparent reference to analysts who cover his company. The harsh words are reminiscent of a confrontational performance in May by Elon Musk, when the Tesla CEO blasted what he call "boring, bonehead" questions about the electric car maker during a conference call with stock analysts. Goncalves's rant came after the mining company reported a third-quarter profit of nearly $438 million, s
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CLF
News
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at Morgan Stanley from $20.00 to $19.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Norfolk Activist Wins Support From Glass Lewis for CEO Ouster [BNN Bloomberg (Canada)]BNN Bloomberg
- UPDATE 1-Cleveland-Cliffs backs Ancora in Norfolk Southern proxy battle, Bloomberg says [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs backs Ancora in Norfolk Southern proxy battle, Bloomberg says [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- CLF's page on the SEC website