Xstrata plans big bonus to retain CEO ahead of Glencore merger: FT
LONDON (Reuters) – Xstrata is this week set to reveal a bonus package worth tens of millions of pounds in an effort to retain its chief executive ahead of its merger with Glencore , the Financial Times reported on Monday. The terms must be backed by Xstrata shareholders as part of the proposed merger, the FT said, adding that the deal would be derailed if shareholders fail to back the pay package. Mick Davis is expected to receive is up to 50 million pounds ($78. . . .
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