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Updated from 7:01 a.m. EST
Who thinks Alcoa(AA Quote) is still one of the 30 best representatives of U.S. business?
The index folks at Dow Jones do, apparently. Last month, they yanked Altria (MO Quote) and Honeywell (HON Quote) from the Dow Jones Industrial Average, but they neglected to give Pittsburgh-based Alcoa the boot, too.
There are plenty of reasons why the aluminum giant should have been chopped from the index, which tracks 30 leading U.S. public companies, but they all come down to one thing -- poor management. ...
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