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How the Glencore CEO Lost $500 Million in One Day
Glencore CEO Ivan Glasenberg lost $500 million Monday after the mining company's shares plummeted 29.42% after Investec's warning that weak commodity prices could lead to the firm's equity value being "eliminated."
And unfortunately for the Glencore CEO, the problems are still mounting.
Glencore CEO Ivan Glasenberg lost $500 million Monday after the mining company's shares plummeted 29.42% after Investec's warning that weak commodity prices could lead to the firm's equity value being "eliminated."
And unfortunately for the Glencore CEO, the problems are still mounting.