FILE PHOTO-New Rolls-Royce CEO Tufan Erginbilgic is seen in an undated handout photo provided to Reuters, July 27, 2022. Rolls-Royce/Handout via REUTERSfell as much as 4% on Friday after its new CEO warned staff the aerospace company, Britain's premier blue-chip engineering group, was a "burning platform".
"He was honest about our financial underperformance compared with our peers," a Rolls-Royce spokesperson said in an emailed statement on Friday. The comments from former BP executive Erginbilgic, who took the reins on Jan. 1 after Warren East retired, conveyed a sense of urgency and suggested there would be more restructuring, Bernstein analyst George Zhao said.
This garbage company fails to woo the Chinese and they are going to die. China will soon not just catch up but overtake this OG.
ok, so what is he going to do about it?
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