Rio Says Won’t Be Distracted by Glencore From Returns
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Rio Tinto Group won’t allow the prospect of a new approach from Glencore Plc to deflect it from plans to give more cash back to investors.
“I’m going to be very careful going forward that I don’t allow people to be distracted,” Chief Executive Officer Sam Walsh said today in a phone interview. “The best thing for this company, the best thing for our shareholders, is to continue to do what we say we are going to do, and I’ve been very clear -- I’m committed to shareholder returns.”