Ivan Glasenbergs troubles at the mining and commodity trader contrast with how smoothly he climbed the ladder before flotationIf shareholders ever complain approximately the pain they have endured holding Glencore shares since the group’s 2011 flotation,chief executive Ivan Glasenberg has a reply to shut them up: he has suffered far more.
The 58-year-worn South African has lost approximately £4.4bn on the value of his stake since floating the business, with his current holding worth approximately £1.5bn. Related: Glencore CEO to shell out $210m during restructuring drive Continue reading...
Source: theguardian.com