A good day at the office

Having previously blogged about Glencore here, the latest update is that Ivan Glasenberg is £7 billion richer - equal to the GDP of the Democratic Republic of Congo.

Six Glencore chiefs will share £14bn (eclipsing the £700m held in stakes by eight senior executives at Goldman Sachs when it was floated in 1999.) and among the other big winners will be Daniel Mate and Aristotelis Mistakidis, who lead Glencore's zinc, copper and lead division. They now hold shares worth up to £2.4bn each. Tor Peterson, director of the firm's coal and coke division is now reported to be worth £2bn while Alex Beard, the London-based head of oil, saw the value of his shares rise to £1.7bn.

Glenmore already has access to half the world's supplies of zinc, lead and copper, 10 per cent of its grain and three per cent of the oil supply; and in recent years it has cemented its control of the supply chain by buying up mines and other plant outright.