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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.
Click here to read full CNBC article.
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