alexandra

“Glasenberg’s bet on buying assets a decade earlier now helped to deliver profits for Glencore that surpassed even Marc Rich’s golden years. In 2003, the company’s net income exceeded $1 billion for the first time, and the following year it was more than $2 billion, and in 2007 the trading house made $6.1 billion.38”
― Javier Blas, The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

“And now we’re back where we began, aren’t we? Back at the end of the story. They set the fire. They drive to McDonald’s. The fire burns out. Joni crawls from the ashes and onto the beach. She staggers into the hotel. Arrests. Limited coverage. Cult status. Podcasts. Reddit threads. Chumbox articles. And now, me, here, writing this. You reading it.”
― Eliza Clark, Penance

“Eventually, a consultant came up with the name Glencore, a contraction of the words global, energy, commodities and resources. On 1 September 1994, Marc Rich + Co officially became Glencore International, and, two months later, the company announced it had severed all ties with its fugitive founder.”
― Javier Blas, The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

“There’s no way to do business in the Third World without enriching government leaders,’ said Calil. He explained how the practice of greasing the palms of African potentates evolved: ‘You used to give a dictator a suitcase of dollars; now you give a tip on your stock shares, or buy a housing estate from his uncle or mother for ten times its worth.”
― Javier Blas, The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources