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Just 26 of America's 760 billionaires became super-rich by climbing the corporate ladder rather than being a founder or heir, Forbes found.
AFP Tor Peterson, Kenny Ives and Nico Paraskevas will all leave in the coming months, according to an internal memo. Ives and Paraskevas had been viewed as potential candidates for the CEO job but lost out in the race to succeed Ivan Glasenberg. The changes do little to address a lack of diversity in Glencore’s senior ranks: all the new department heads named in the memo are men. Glencore is shaking up its top management, with three of its most senior traders set to depart — the latest step in a wider changing of the guard at the world’s largest commodity trader.
Miner and commodity trader Glencore is combining its copper and zinc marketing operations, which will be run jointly by Jyothish George and Nick Popovic, a source with direct knowledge of the matter said. George will focus on zinc and copper metals and Popovic on zinc and...