Mining Billionaire And CEO Ivan Glasenberg Does Not Believe In Work-Life Balance
But Ivan Glasenberg, the CEO of newly-merged mining and commodities
trading giant Glencore Xstrata PLC,
expects constant work and cutthroat competition from his employees.
The
Wall Street Journal asked the 57-year-old CEO if his company had work-life
balance. His response? "No. We work. You don’t come here to take life
easy. And we all got rich from it, so, you know, there’s a benefit from
it.”
Glasenberg himself is
not exempt. He says if he didn't set that kind of example, the guys below him
would go to the board and try to get him fired because they're shareholders
too.
Those who slow down at Glencore are shown the door. Glasenberg
says that all of the heads of trading divisions he's seen during his time at
the company have been "kicked out from below."
“I see it happening,"
Glasenberg told
The Wall Street Journal. "Some guy suddenly decides: ‘I want to take it
easier, I want to spend more time with the family’… an attack will come.”
This kind of cutthroat, competitive, nonstop work culture is not uncommon at
trading companies. But Glasenberg's description makes things sound pretty
extreme.
Further, the $66 billion merger
between Glencore (where Glasenberg has been the longtime CEO) and mining giant
Xstrata only
just closed last week after a protracted series of negotiations with
shareholders.
There'll be enough difficulty bringing the two companies together without
what seems like a difficult work culture.
The likelihood of significant
layoffs won't do much to boost
morale.
Read more: http://www.businessinsider.com/glasenberg-work-life-balance-2013-5#ixzz2ScZ43hu6
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