A coup as Glencore Xstrata (GLCNF.PK) has Chairman John Bond stepping down from his job well earlier than expected. Formerly chairman of Xstrata, Bond had agreed to retire as head of the merged companies, but only after a replacement was found. His ouster now likely reflects continuing distaste over the £40M "golden handcuffs" package for key Xstrata managers. Shares are up marginally in London.
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