Glencore International Plc Chief Executive Officer Ivan Glasenberg criticized his recently departed mining CEO peers for swamping the industry with new mines that led to a surplus in metals and trimmed profits.
“The big guys really screwed up,” Glasenberg, 56, told investors Monday in a presentation. “We’ve always been wanting to keep building and keep putting the cash which we generate into new assets. That’s what we’ve got to stop doing as a mining industry. We’ve got to learn about demand and supply.”
NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.
If you want to be the Chief Executive Officer of a major company, where you went to school matters, according to a new list from Times Higher Education. THE recently compiled a list of the universities around the world that produce the most CEOs, based on the alma maters of Fortune Global 500 CEOs.