Financial challenges ahead for Ivan Glasenberg as share price at mining and commodity-trading company falls by two-thirds since it came to market
How do you make a £2bn fortune from commodities? Answer: start with a £6bn fortune.
Ivan Glasenberg, chief executive of Glencore, won’t be laughing. Those numbers are the value of his shareholding in the mining and commodity-trading company at flotation in 2011 and now. Yes, Glencore’s share price really has fallen by two-thirds, from 530p to 180p, since it came to market with a fanfare. Among London’s big miners, only Anglo-American has done worse.
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Source: The Guardian Circular Economy RSS