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Glencore proposes to change CEO pay terms after any takeover deal – FT (GLCNF:OTCMKTS)

Glencore Company Headquarters in Zug/Baar (Switzerland)

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Glencore (GLCNF) (GLNCY) has proposed to change CEO Gary Nagle’s pay package to allow him to cash ​out long-term share awards more quickly if ‌the company is taken over, the Financial Times reported Monday.

As part of the negotiations, Glencore (

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