Executive pay no longer a stumbling block for Xstrata merger

The on-off mega-merger between commodities trader Glencore and mining group Xstrata is back on but shareholders have two key decisions to make: whether to back the merger and whether to vote for the massive 'pay to stay' bonuses to Xstrata directors.

The on-off mega-merger between commodities trader Glencore and mining group Xstrata is back on but shareholders have two key decisions to make: whether to back the merger and whether to vote for the massive 'pay to stay' bonuses to Xstrata directors.

Although Xstrata would prefer that shareholders vote in favour of both in order to ensure the retention of executive personnel at the mining, Monday's statement made it clear that some key investors were not happy about the pay deal element.

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