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Retention bonus

27 May 2011 By John Foley

The commodity trader’s bookrunners sold its $10 bln IPO during a resources selloff, wooing big names to the register. But they tripped on the pricing. Glencore may well disburse an $83 mln discretionary bonus on top of fees of $170 mln. But it’s hard to say it’s all deserved.

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