A Glencore International trader fired over an alleged alcohol problem can’t sue the company to recover a share award worth about $1m that were awarded when he was hired, a U.K. court ruled.
As Glencore International heads for its $61bn IPO in London, and the firm's top five shareholders become instant paper billionaires, the smart money is saying that this commodities firm represents the future. What Goldman was once, Glencore is now - the pot of gold at the end of the rainbow.
Glencore International AG is a Swiss-based company, which is one of the world's largest suppliers of commodities and raw materials, and is also among the world's largest privately held companies. But that's all about to change.