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    Glencore the parasites of starvation employ another failed CEO.....

    Courtesy The Telegtaph.....

    Ex-BP chief Tony Hayward to chair Glencore Xstrata after shareholder revolt

    The City's rehabilitation of disgraced former BP chief executive Tony Hayward is complete as he

    became interim chairman of the new FTSE 100 resource titan Glencore Xstrata.

    Glenstrata AGM

    Tony Hayward, the new interim chairman of GlencoreXstrata, pictured chairing the new group's

    inaugural AGM

    Emma Rowley By Emma Rowley12:37PM BST 16 May 2013Comments9 Comments

    Mr Hayward became chairman after shareholders voted against Xstrata's former management

    and left the newly formed company without a chairman - and its board wholly filled by Glencore men.

    Less than three years after he was forced to resign as BP's chief executive in the wake of the

    Gulf of Mexico disaster, Mr Hayward was slotted into the prestigious role as disgruntled investors

    kicked out Xstrata's chairman Sir John Bond at the group's first annual meeting on Wednesday.

    The recently-completed deal, the biggest even seen in mining, became an effective takeover of

    miner Xstrata by commodity trading giant Glencore, and an exodus of senior Xstrata figures followed.

    While Sir John had announced his resignation, he was expected to remain in his post at the new group until a

    successor was found.

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