A multibillion-POUND merger to create a new natural resources powerhouse was approved by shareholders but without paying a controversial multimillion-pound retention package to senior managers.
Commodities trader Glencore and mining giant Xstrata will merge under a £56 billion deal following months of wrangling.
Glencore shareholders backed the move yesterday, while Xstrata investors voted in favour of the deal as long as a £227 million pay deal for its top managers was not included.
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