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Rod Carnegie: corporate giant felled at the final hurdle

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Rod Carnegie, a business giant who spent 14 years at the top but failed in his quest to peel CRA away from its UK parent, Rio Tinto, died on Sunday after a brief illness. He was 91.

Carnegie exerted significant influence over Australian mining, business and politics in the ’70s and ’80s. He was a trendsetter who ultimately crashed due to CRA’s lower profit margins and the determination of its UK corporate masters to reassert control.

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