Xstrata CEO in line for and £38m Glencore payout

Mick Davis, Xstrata (Dusseldorf: XTR.DU – news) chief executive, is likely to receive a payoff of at least £8m and could cash in company shares worth up to £30m if Glencore’s bid for the miner succeeds.

Mick Davis, the Xstrata chief executive, is likely…

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