Glencore and Xstrata Merger: Game Changer?
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After Glencore's shares were listed on the Financial Times and Stock Exchange11 (FTSE), Ivan Glasenberg,12 Chief Executive Officer at Glencore, who held 15.7% of the company's shares, said on May 19, 2010, "We welcome and look forward to building long-term mutually beneficial relationships with our new shareholders, as we have with our customers, suppliers, and capital partners over the years."13...
9] Marc Rich, founder of Marc Rich & Co., fled from the US as a fugitive in 1984 to Switzerland. Marc was charged for illegal trading of oil with Iran in the 1980s during the hostage crisis and was also indicted for evading tax of more than US$ 48 million. In 2001, Bill Clinton, Former US President, pardoned him.
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