From the pinko lefty FT

Bumi divorce sealed in Twitter acrimony

One of the most acrimonious corporate divorces in recent British business history was sealed in an online flurry of insults on Tuesday as Nat Rothschild and a member of Indonesia’s Bakrie family taunted each other via Twitter at the end of the restructuring of Bumi, the troubled coalminer.

“Thanks for buying back a worthless pile of . . .,” tweeted Mr Rothschild, of the illustrious banking family, to Aga Bakrie, son of the chairman of the powerful family business group. “Whilst your dad is an evil genius . . . the word on the street is that you are extremely DUMB!”

“haha”, tweeted Mr Bakrie in response. “Dumb” I believe thats the word that has been associated with you [color="Blue"](Nat Rothschild) by most of the people that i have met.”:rofl [color="blue"]How interesting, inbreeding?

The interchange was a fitting sulphurous coda to a disastrous business tie-up between Mr Rothschild and the Bakrie family, which began in 2010 after the financier raised $700m from investors in London to invest in mining assets.
[color="blue"]Not his own money, huh, maybe they don't have so much because they have become stupid due to the inbreeding.

Bumi, the $3bn company subsequently created from a stake in a Bakrie-owned coal miner, had ambitions to become a blue-chip, UK-listed mining group. Instead the founders fell out and the company became a byword for poor governance and financial irregularities, epitomising the UK’s financial sector’s eagerness to overlook corporate governance concerns in trying to attract emerging market companies to raise money in London.

Bumi’s largest investors and executives have spent months trying to unpick the deal. It led to Tuesday’s separation, in which the Bakries exited the company – now renamed Asia Resource Minerals – while buying back their stake in their coal asset.

“Bumi resources back to Indonesia . . . Protect Country resources from imperialist. Good bye London . . . It was a bittersweet experience,” tweeted Mr Bakrie.:p

“what about protect minority shareholders from Bakrie? Why is investing 1.2b into Indo bad for indonesia you dumb schmuck?!”T.J.B. retorted Mr Rothschild, the 42-year-old former hedge-fund manager.

“Indonesia is an amazing investment haven make no mistake . . . nly bad when a minority try to take control by dirty trick,” replied Mr Bakrie.
“No family has done more to blacken Indonesia’s investment climate than yours,” said Mr Rothschild in response. [color="blue"]Hmmm?

Mr Rothschild, who prides himself on his bulging contacts book, has a relatively modest 400 Twitter followers. Mr Bakrie, a Twitter user since 2010, has almost 6,000.

Later Mr Bakrie struck a magnanimous note. “congrats on the separation, all the best for you as we indonesian say selamat malam pak Nat,” he wrote.
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Mr Rothschild remains an investor in Asia Resource, whose remaining asset is another Indonesian coal mine. As for the Bakries’ other companies, Mr Bakrie invited Mr Rothschild to buy shares and “address all question to management”.