, Columnist
Ivan Glasenberg's $20 Billion Boast
Glencore might want to share some of its good fortune.
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When a CEO says there's room for a $20 billion dividend payout, you know a company has its mojo back.
Ivan Glasenberg, the boss of miner and trader Glencore, told analysts on Thursday that the company’s much lower net debt ($15.5 billion at the year end, $10 billion lower than the prior year and on track to fall further) would, in theory, allow for a huge windfall.