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Glencore’s board approves pay package for Nagle Mutanda, the world’s largest cobalt mine, is responsible for a fifth of global output. ( Image courtesy of Glencore.) Glencore’s (LON: GLEN) board approved on Thursday a pay package for incoming chief executive Gary Nagle despite backlash from proxy groups and some investors in recent weeks, which consider the proposed remuneration “excessive.” Nagle, who is set to take over for outgoing CEO Ivan Glasenberg at the end of June, will receive up to $6.4 million in any one year, as 40% of his bonuses will be held back until two years after he leaves post. This ignores any share price changes, distributions or share awards.

United statesTony haywardChairman tony haywardSouth americanஒன்றுபட்டது மாநிலங்களில்டோனி வைக்கோல்தலைவர் டோனி வைக்கோல்தெற்கு அமெரிக்கன்