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Last Update -Thursday 23 May 2013, 21:59
Glencore, Xstrata bosses sweat as executive pay sours takeover deal
Thursday, 14 June 2012 18:59
Heightened emotions over executive pay are likely to hang over last ditch meetings with key Glencore and Xstrata investors before a July vote on the former’s $30bn takeover bid of the miner. Top executives from both are trying to convince recalcitrant Xstrata shareholders to back not just the deal, but also an unpopular retention package worth more than £170m ($265m) for the miner's top 73 managers.
- Read more at Mining Weekly
More labour headlines are at the SA Labour News homepage
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