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Chief Executive Officer of Cleveland-Cliffs Inc. Mining and Resource Company
CLF -6.97%
criticized a Goldman Sachs analyst on the earnings call earlier Friday, accusing him of not understanding the numbers. "You do not understand your own business.You're a disaster.Your parents are embarrassed," said Lourenco Goncalves in response to a question posed by another analyst at the call, according to a FactSet transcript. He later challenged Matthew Korn, an analyst at Goldman Sachs, to ask a question after the operator had declared that Korn was not online. He ended the conference call with a direct message for Korn. "Matthew Korn of Goldman Sachs, you can run, but you can not hide – I'll see you very soon at the Goldman Sachs conference and bring your goods to this guy because you owe it to me for the last year. alone, it would be much worse, it will be bad anyway, but it will be much worse if you are alone, "said Goncalves. . Cleveland-Cliffs shares fell 5.6% Friday but are up 50% in 2018, while the S & P 500 index
SPX, -0.18%
gained about 4%.
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