Who is Colin Glasenberg?
Colin Glasenberg – Glencore Oil – CFO (E&P Assets) – Glencore PLC | LinkedIn.
Who is the owner of Glencore?
Qatar Holding LLC
In the 2020 Forbes Global 2000, Glencore International was ranked as the 484th-largest public company in the world….Glencore.
Type | Public limited company |
---|---|
Owner | Qatar Holding LLC (9.17%) Ivan Glasenberg (9.10%) |
Number of employees | 135,000 (2022) |
Website | www.glencore.com |
How did Ivan Glasenberg become rich?
Ivan Glasenberg holds the largest individual stake in Glencore, the world’s biggest commodity trader. Glasenberg served as CEO of Glencore from 2002 until his 2021 retirement. After earning his MBA from the USC, Glasenberg started working as a marketer in the coal department of Marc Rich & Co.
What is Ivan Glasenberg doing?
In December 2020 it was announced that Glasenberg will retire as chief executive by June 2021. Glasenberg has or had citizenship of South Africa and Australia. He became a Swiss citizen in 2011. He is also on the board of mining company Minara Resources Ltd.
Is Glencore corrupt?
A British subsidiary of the mining firm Glencore has pleaded guilty in a UK court to corruption offences for the second time in the last two months. It was accused of paying millions of dollars in bribes to secure access to crude oil in several African countries.
Should I invest in Glencore?
Analysts think the company could return even more in the years to come. Current forecasts suggest the business will pay a dividend of $0.57 (46p) per share this year and $0.51 (41p) in 2023. Based on these numbers Glencore will yield 9.9%, making it one of the highest-yielding stocks in the FTSE 100.
Is Glencore unethical?
Glencore admits now that its traders bribed foreign officials to secure contracts and cargoes, bribed bureaucrats to avoid audits, and bribed judges to make lawsuits disappear. Its fine under the Foreign Corrupt Practices Act will amount to $430 million, with forfeiture of $270 million of ill-gotten gains.
Who did Glencore bribe?
Glencore has agreed to pay about $40m to settle bribery allegations in Brazil – nearly $30m to the state-run Brazilian oil company Petrobras in compensation for defrauding the company, and about $10m to Brazilian authorities in civil penalties, according to prosecutors.
Is Glencore a buy for 2022?
Consensus forecasts show Glencore’s earnings peaking in 2022, before falling by around 30% in 2023 and 2024. The dividend is also expected to fall from next year. These forecasts are far from certain.
Is Glencore overvalued?
Overall, the stock of Glencore PLC (OTCPK:GLNCY, 30-year Financials) is believed to be significantly overvalued. The company’s financial condition is poor and its profitability is fair. Its growth ranks worse than 88% of the companies in Metals & Mining industry.