Bloomberg News

Glencore CEO to Receive $109 Million Dividend, Sunday Times Says

March 04, 2012

Ivan Glasenberg, chief executive officer of Glencore International Plc (GLEN), will receive a $109 million dividend this week, making him one of the biggest earners ever in the FTSE 100, the Sunday Times reported.

The Baar, Switzerland-based commodities trader is expected to announce a 6.3 pence-a-share dividend and pretax profits of 2.7 billion pounds ($4.3 billion) tomorrow, the London newspaper reported, without naming a source.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus