Mining Billionaire And CEO Ivan Glasenberg Does Not Believe In Work-Life Balance
But Ivan Glasenberg, the CEO of newly-merged
Glasenberg himself is not exempt. He says if he didn't set that kind of example, the guys below him would go to the board and try to get him fired because they're shareholders too.
Those who slow down at
This kind of cutthroat, competitive, nonstop work culture is not uncommon at trading companies. But Glasenberg's description makes things sound pretty extreme.Further, the $66 billion merger between Glencore (where Glasenberg has been the longtime CEO) and mining giant Xstrata only just closed last week after a protracted series of negotiations with shareholders. There'll be enough difficulty bringing the two companies together without what seems like a difficult work culture. Advertisement
The likelihood of significant layoffs won't do much to boost morale.