Glencore proposes to alter CEO pay terms after any takeover, FT reports

Glencore is proposing to change CEO Gary Nagle’s pay package to allow him to cash out long-term share awards more quickly if the miner is taken over, the Financial Times reported on Monday. The company has proposed altering a change-of-control provision that could keep Nagle’s shares unvested, even if he leaves Glencore following a takeover, the FT reported, citing people familiar with the matter and an investor presentation.