Cleveland-Cliffs CEO: I wasn't bashing analysts, had to call out bad math

Cleveland-Cliffs CEO Lourenco Goncalves speaks exclusively to CNBC about his earnings conference call where he berated analysts. Goncalves defends his behavior and says he's different than other CEOs.

[@ryantinney]

Way to stick up for your company. This man has helped a massive turn around. LG keeping it real.

[@harrymaguire7005]

Damn, this guy made me want to invest in this company. I love a CEO that fights. So many weak people out there. Starbucks case and point.

[@DimitarTomovEU]

I would invest in their company just because of him too :D Let's see where the Stock settles and it is a go :-)

[@janitormopmop]

Yeah his stock is down 50% since this time while Starbucks is up 50%

[@dannthegentleman4261]

​@@janitormopmop Yeah, and 5 years after the comment, Starbucks is down 5% while Cleveland Cliffs is up 35%. Is this important after all? The market is just really swingy.

[@HamedAdefuwa]

Loool this guy makes me wants me to invest in his company, I'll give him a google

[@imcaffeine]

Wow, respect for the CEO. Well done!

[@DimitarTomovEU]

I like this CEO, "mentioning Fact should not be punished" - YES ! CNBC consider inviting more CEOs of Businesses out of the spotlight.

[@googleuser6275]

Mentioning facts? Since when "you are an embarrassment to your parents" "we are going to screw this guy so bad that he is not only going to resign he will commit suicide." is mentioning facts. This guy is a bully and vicious. Same bully you have encountered in your high school.

[@stefaj]

You got bullied for being bad at math?

[@aroundtheworld2490]

CLF is a good long term play.

[@NathanRyanAllen]

This guy is too good haha

[@cuh720]

I love this guy... I’m going to consider buying CLF!!

[@TrueLee]

I agree with him 100%. The facts do not matter only the headline. He should have chosen his words better but he should call out mistakes like this on the call.

[@jamesmachau7315]

The only reason we have heard about it is because he did not use "softer" words. Analysts are not God. They should graciously accept that they are wrong. I do not understand why the anchors appear to be saying the CEO is wrong and analysts should be treated with kid gloves and yet the calls they make have real world consequences. But the whole market is a show. I like this guy and his attitude...

[@aroundtheworld2490]

You are right.

[@christophergaudreau9265]

Insults are the Facts . . . .school in Session

[@Virallllllll]

He owned that panel of hacks.

[@dodgingdurangos924]

Young professionals trying to teach an old dog new tricks, but the old dawg schools them instead. Like a real O.G. I like this guy!

[@zacksnyder4082]

Well this shareholder doesn't care if he calls out analysts

[@muradshawar]

This is the kind of ceo that investors can get behind

[@georgesamaras2922]

Never thought one could fidn a cult of personality ceo in a steel company but ...

[@tonysteel1377]

Way-to-go CEO..!!! 🏆

[@Cowboy684]

I specifically appreciate how he leads by insinuating that their whole show is a circus. I'll take 1500 shares.

[@davidj.9198]

RIP CNBC....not one real question about the fundamentals of the company. Just that he didn’t take any BS from analysts. You can bet employees love this guy.

[@govou3000]

That's a buy for me. With a CEO like this, the future is very bright for that company. You have to take unconventional approaches in order to be recognized.

[@JF238xLearning]

I want to work for leaders who stands up for their own company, for their own employees, and for their own numbers!

[@charlenextan]

Thumb up for the CEO; Thumb down for the analyst- perhaps a kid fresh out from college; Today’s markets were manipulated by those irresponsible “analysts”. CEOs have the rights / obligations to defend for their companies!

[@davidj.9198]

If I worked for this guy I would be proud. Way to go!

[@Lu89m]

CNBC hold this L real quick

[@gewoongary8933]

Still to this day im so happy that i invested in this company. Lourenco keeping it real. Really exciting about the future !

[@rpaleogos]

Check out her tone and body language. I read the lady and Rick as screaming 'how dare you challenge any analyst'.

[@GiorgioT514]

Buying this stock Monday

[@chaoscraig5v7o]

gona hold on to my shares

[@JF238xLearning]

Love leaders who are different and speak the truth 💯👷🏻‍♂️💪🏼

[@Chrissssssssssssssssssss]

*It's worked... I now know all about CLIFFS when I wouldn't...*

[@paulpatel9657]

Great company and I bet on Mr. LG and his honesty.

[@landlubber42069]

Bought shares in CLF because of this guy

[@websurfer2344]

If your going all out for your shareholders and that's honestly what Lourenco did? Then i'm ok with the way he handled it. I can't blame him for loosing it.

[@keg0562]

3 years later this company still great clearly analysts were wrong

[@henrysdiscussions3201]

WE NEED MORE CEOS LIKE THIS FOR REAL

[@bernardoguerios8230]

Awesome, great guy !!!

[@francischan57c]

Good. Those analysts and day trader are real SHIT.

[@Uberbets]

Bashing short sellers doesn’t usually reflect on the stock price very well… Tesla up42069% since this interview

[@christophergaudreau9265]

Love his passive aggresion @ 1:32 . . . . "thank you for the oppurtunity to offend you" . . . 😃

[@SpiritualSchmuck]

All the analysts that are pulling wrong numbers out of their ass should be called out.

[@JF238xLearning]

Come on CNBC do a better job of analyzing SMH…misleading information and numbers 💯🚮🤦🏻

[@Abel1120]

love... not hate...?

[@jaymcconnell3840]

This guy is awesom, and his company is legit.

[@user-yg2nu7zc4c]

They spelled his name wrong. It's with a ç not with a c. Two different letters..

[@MARTINLOCZ]

Badass Ceo 🔥

[@SpiritualSchmuck]

Tesla has done amazing by doing whatever they do.

[@christophergaudreau9265]

CNBC itself . . . . IS the BAD 👎 MATH CEO is smart AF

[@stevehas1861]

I love this guy

[@colbyfedock8303]

This guy is speaking the truth, stop spoofing

[@christophergaudreau9265]

This guy Loves 💘 Loves 🇺🇸 . . . He could build plants anywhere in the WORLD . . . And he chooses USA 🇺🇸

[@u2willcsoon]

The real deal.he does care about his workers.

[@shahzadbhatti3082]

SEC can't stop the market cheaters this CEO took it upon him self. 😎

[@daymenlauff171]

She gives opinions only.

[@TheMarcoshdc]

QUE HOMEM

[@1Jonprasil]

Awesome ceo!🙌

[@princeofthekylineskyline2984]

YAAAA ... really ruined Tesla and Elon.

[@googleuser6275]

Mentioning facts? Since when "you are an embarrassment to your parents" "we are going to screw this guy so bad that he is not only going to resign he will commit suicide." is mentioning facts. This guy is a bully and vicious. Same bully you have encountered in your high school. So in high school he would be called a bully but as an adult he should be seen as an alpha male. No he is just a good old bully.

[@bentleybrant]

and you are a outcast

[@vernefits1953]

3:56 she is a dream so beautiful

[@bentleybrant]

not really. she doesnt have a big booty and thats for sure

[@musrif]

Me concurrs

[@alexb1093]

@@musrif my analysis as well?

[@jj10523]

rekt

[@felixyusupov7299]

Bad move on the part of Cleveland Cliff. Do you think the minimills will buy their HBI from Cleveland Cliffs who is now a competitor? No. So who are you going to sell your HBI to? The only way this move makes sense is if Cleveland Cliffs builds a melt shop/caster in Toledo and commits to shipping slabs down to Middletown. As far as Ashland goes no one in North America can make money producing pig iron. Why should you think you can operate the blast furnace, bof and caster better than AK Steel. I have no respect for this Brazilian.

[@johnfracassini3509]

This goes WAY beyond sticking up for a company. This CEO acted like a complete jerk. His shocking comments were beyond the pale and inconsistent with the temperament expected of a CEO leading a 3 Billion dollar company.

[@Jenkdog14]

I kind of agree, but i also completely love it. He is getting the job done, even if his words ruffle a couple of feathers. I am invested in CLF, largely because of this conference call, and i know many others who are attracted to thos stock just because of this CEO. He also has an incredible record fighting for the environment, and his company is moving in the right direction. You can cry about his lack of decorum, but LG is one hell of a guy.