Tiny Panda Quotes
Marc Rich (1934–2023) was a controversial yet pivotal figure in the world of finance and international trade. Born in Belgium and later immigrating to the United States, Rich became a billionaire commodities trader known for founding Marc Rich & Co. AG. His innovative trading strategies revolutionized the oil market, yet his life was marred by legal troubles, including a notorious tax evasion indictment. Despite his tumultuous legacy, Rich's impact on global commodities trading endures, highlighting the complexities of ambition and morality in business.
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"I basically see two reasons for a going public: Glencore gets access to more money. It is a way of funding your business and to finance growth. Plus: You have more liquid shares. It is easier to leave the company and redeem your shares. The 'going public' may also be an exit strategy for the top management."
Marc Rich