Screenshot: CNBC graphic of Lourenco Goncalves

The CEO of mining company Cleveland-Cliffs Lourenco Goncalves lost it on a call with analysts on Friday — at one point calling out Goldman Sachs analyst Matthew Korn by saying he "can run but can't hide," and announcing he planned to "screw" short-sellers by buying back so much stock "they will have to commit suicide."

Why it matters: This is another example of the sometimes tense relationship between executives and analysts and short-sellers. Remember Elon Musk's wild earnings call earlier this year.

Goncalves' tense relationship with analysts goes back to 2014 when he refused to answer a question from an analyst whose Cleveland-Cliffs price target was "too low," he said. Judging by today's call, his behavior has not changed since then.

The company has not responded to a request for comment, but in an interview with CNBC on Friday, Goncalves doubled down on his approach:

"CEOs are cookie-cutter people...I am different. You like it, great. You don't like it, great.
— Lourenco Goncalves on CNBC's "Closing Bell"

Here's audio of the exchange on the earnings call, via CNBC:

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.