Davis Stands to Receive $13 Million Payout in New Glencore Bid

Davis Stands to Receive $13 Million Payout in New Glencore Bid

Xstrata via Bloomberg

Xstrata Plc Chief Executive Officer Mick Davis would receive the $13 million payment because his contract entitles him to the benefits in case of termination of employment without notice or if he resigns in circumstances including a change of control, according to the report.