(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
The author is a Reuters Breakingviews columnist. The opinions here are his own.
Ivan Glasenberg outlasted all his major peers after the multi-year boom in metals prices turned into a rout in 2013. The Glencore chief’s misjudgment of the market severely tried investors’ patience in 2015. Yet when the second wave of mining executive ousters comes, as it may soon, it’s likely Glasenberg will again be the last man standing.
from Alison Frankel:
(Reuters) - In 2007, when the Australian class action firm Slater & Gordon conducted an initial public offering and began trading shares on the Australian Stock Exchange, it was supposed to be the beginning of a new era for international law firms. In the U.S., contingency fees and the American rule permit firms representing plaintiffs to take on risky representations and, when their cases succeed, to capitalize more of the same. But in countries where contingency fees aren't allowed and losing parties are on the hook for their opponents' fees, the risk analysis is different. By raising capital on a public exchange, Slater & Gordon was testing a new way to spread litigation risk.