A sharp protest vote at Xstrata (but the deal goes on) | FT Alphaville

Maybe this was inevitable after the Qataris said they would approve Xstrata’s merger with Glenstrata, but would abstain on the retention bonuses. But the raw numbers of shareholders here saying payments to management were excessive suggest a very aggressive mood amongst institutions. Remember, this is a revised incentive scheme, where shareholders were supposed to have been listened to…

The result from Xstrata’s shareholder meeting on Tuesday…

Still, Glencore Xstrata is born, subject to competition clearance in various parts of the world.

* username: rupertbu