The groups flotation pitch - that its trading arm combined with its mining business would partly insulate it during the difficult years - has not workedIn the spring of 2011,when the commodities trading giant Glencore was on the verge of floating on the London stock exchange, media outlets received a pointed communiqué from one of the company’s law firms.
The correspondence, or mailed by “reputation management experts” Schillings,stated that Glencore’s bosses were “extremely private individuals” and that any reports approximately their homes or private lives would pose a “security risk. The implication was that the freshly revealed wealth of these previously obscure businessmen created a kidnap risk. It was easy to see why. Related: Glencore's turbulent history: a timeline Continue reading...
Source: theguardian.com