Last week’s £2bn purchase of Anglo shares, engineered through a complex structure concocted by JP Morgan, gives Anil Agarwal control over the shares for the next three years.
The chief executive officer of Anglo American Platinum, the world’s biggest producer of the metal, was injured by a buffalo while on holiday in December.
Sasol CEO David Constable is unlikely to retain fond memories of his time in Johannesburg. Presumably those responsible for his spectacularly unsuccessful appointment will be doing some reflection of their own.
When Mark Cutifani took over running Anglo American in April 2013, things were already going from bad to worse. Now, they’re existential.
Vedanta Resources is looking to former head of Anglo American Cynthia Carroll to bring know-how on mergers and acquisitions.
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Sasol’s Remuneration Committee must have considered the potential fallout before adding two thirds more to the already weighty pay packet of its imported CEO. But the Remuneration Committee of HG Dijkgraaf (chairman), Jurgen Schrempp, PJ Robertson, Hixonia Nyasulu and Imogen Mkhize were poorly advised on how to respond. Agreeing to a 68% salary hike for … Read more