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Casablanca's Drapkin backs Cliffs CEO candidate

10:13 AM ET Wed, 12 Feb 2014

Donald Drapkin, Casablanca Capital founder and chairman, discusses the appointment of Lourenco Goncalves as the next CEO of mining company Cliffs Natural Resources, and explains the advantage he thinks Cliff's has over its competition. CNBC's Jim Cramer provides insight.