The world is now a more "somber, sober place," says Rio Tinto (RIO -1.5%) CEO Tom Albanese,...

|By:, SA News Editor

The world is now a more "somber, sober place," says Rio Tinto (RIO -1.5%) CEO Tom Albanese, after the latest write-down of his $38B 2007 purchase of Alcan brings the total to more than 50% of the deal. A 34% dividend increase is small consolation to shareholders who have seen returns sharply lag competitor BHP.