Talk:Ivan Glasenberg

Glencore's chief executive, Ivan Glasenberg, a man so secretive that the Financial Times has described him as "one of the great enigmas of the corporate world".

Glencore's chief executive, Ivan Glasenberg, a man so secretive that the Financial Times has described him as "one of the great enigmas of the corporate world".

In commodities, Glasenberg's name enjoys instant recognition. This is unsurprising, given his company's [ Glencore ] role in supplying the basic materials that heat, feed, move and house the world.

But so jealously has Glasenberg guarded his privacy that his name means nothing to the man on the street. For years he has avoided speeches and, until recently, had given only one interview – to his old university magazine. If you live outside the world of commodities trading or corporate finance, Ivan Glasenberg is probably the Most Important Businessman You Have Never Heard Of.

Glasenberg had become intrigued by commodities trading at Witwatersrand when he learned about the global trade in one raw material: wax. "I observed a man sourcing candle wax from South America and selling it to Japan. I thought: 'That's unbelievable. Talking on the phone in his office, that man made money moving candle wax from one country to another' It really interested me."

On graduating in 1983 [ master's in business administration at the University of Southern California's business school ], Glasenberg applied, successfully, for a job in New York, working for the man who was at that time the biggest commodities trader in the world: Marc Rich.

When { company founder ] Marc Rich went on the run, Glasenberg was told there was still a job for him at Marc Rich & Co back in Johannesburg.

In 1991 he was brought to head office in Switzerland as head of the coal division. He had caught Rich's attention. Rich told the Guardian he believes Glasenberg to be a brilliant commodities trader.

Over the next couple of years, Glasenberg became a trusted member of the inner circle that was known, perhaps inevitably, as the Rich Boys. They had a reputation for being pragmatic, aggressive in their trading and deal-making, and very secretive. They were by no means reclusive – a large network of influential contacts was essential – but they were said to have no wish to draw attention to the deals they struck.

After a management buyout, Marc Rich & Co was renamed Glencore. Glasenberg was appointed chief executive in 2002, and until now the company has been run as a private partnership.

Today, Glasenberg and his colleagues are eager to play down the Rich connection. Glencore's website says the company was founded in 1974, but there is no mention of the founder's name.

Taking Glencore to the next level, however, giving it the chance of even greater success through a series of acquisitions, requires the $11bn of funds that will be raised through the flotation. And that will come at a high cost: his privacy. Glasenberg can expect far greater public scrutiny, and so can Glencore.

This will not be easy. It is also highly valued by its chief executive. Glasenberg prizes the anonymity that he and his wife and two children enjoy – and the fact that until now many of his old school friends in Johannesburg had no idea how much he earns.

Despite Schillings' letter, he knows this is about to change. Glasenberg, says one person who knows how much he anguished over the decision

http://www.guardian.co.uk/business/2011/may/19/rise-of-glencore-commodities-company —Preceding unsigned comment added by 216.250.155.34 (talk) 17:26, 21 May 2011 (UTC)

Not

It is not clear if Ivan is a citizen of all four countries or has been since 2011. — Preceding unsigned comment added by 86.185.15.115 (talk) 13:35, 25 February 2014 (UTC)

He is not Israeli: [1]: A little more than a quarter of a century after he nearly became an Israeli citizen in order to compete in the Olympics,..." In: Jerusalem Post/Bloomberg: The billionaire would-be oleh. 05/06/2011. --KurtR (talk) 19:48, 24 July 2016 (UTC)

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