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Shareholders in Xstrata prompted the resignation of the miner’s chairman on Tuesday as they approved a $31 billion takeover by Glencore but twice snubbed a controversial pay plan to retain key managers.
Shareholders in Xstrata prompted the resignation of the miner’s chairman on Tuesday as they approved a $31 billion takeover by Glencore but twice snubbed a controversial pay plan to retain key managers.
As quoted in market news:
Right now, there is $20 billion of your money invested in 20 projects and extensions. It is the Xstrata management team that is responsible for making sure these investments are made safely, soundly and profitably.
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