Rothschild Is Defeated in Bumi Showdown
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Rothschild Is Defeated in Bumi Showdown

Jakarta : Indonesia | Feb 21, 2013 at 10:42 AM PST
Source: The New York Times
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Financier Nat Rothschild, co-founder of coal miner Bumi Plc, was defeated in his bid to oust the company's current chairman and chief executive on Thursday, losing a public showdown with Indonesia's influential Bakrie family. Hedge fund veteran Rothschild had wanted to oust 12 of 14 board members,... FULL ARTICLE AT The New York Times
 
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  • Win or lose, Bakries ‘must clean up own mess'

    The Jakarta Post
    Bumi Resources has been under the spotlight for alleged financial irregularities after a whistleblower brought documents to the firm's 29.2 percent owner, Bumi plc, in September last year. The documents reportedly exposed US$1 billion in financial...
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    Rothschild, scion of a centuries-old banking dynasty who sought backing to remove directors who he said failed investors, had his proposal rebuffed by shareholders at a London meeting yesterday. The 41-year-old financier has been locked in a battle...
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    Shareholders of coal miner Bumi Plc will vote on co-founder Nat Rothschild's overhaul plan and a bid to oust the current board on Thursday, in a public showdown between the financier and his one-time partners. The outcome of the vote, which will...
  • Nothing personal, Nat Rothschild says of his assault on Bumi and its board ...

    The Independent
    Suggested Topics From the beginning of today's extraordinary meeting, it was clear that this would be no ordinary vote, right down to the military location in the City of London, an appropriate backdrop for one of the nastiest corporate battles for a...
  • James Moore: Bumi's a sorry mess but Rothschild fights again

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    Suggested Topics Outlook The defeat at Bumi probably represents Nat Rothschild's Gettysburg moment. The American Civil War did not end following that actually rather indecisive battle, but the writing was on the wall. The same is true for the...

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