The Wire

In these troubled economic times the prospect of taking on tens of millions of dollars of debt is enough to shake up any CEO ….even the chief of the world’s biggest mining company… BHP Billiton has walked away from it’s hostile takeover bid for arch rival Rio Tinto, with BHP saying the one hundred billion dollar merger is no longer in the interest of it’s shareholders. Kane Hicks spoke to Peter Kenyan, Professor of Economic Policy at the Graduate School of Business at Curtin University, about the implications of the collapsed bid for our workforce in Australia.