Glencore to Pay $1.5 Billion to Settle Bribery Probe

The transcript discusses Glencore's involvement in a bribery scandal spanning Africa and Latin America, where the company paid over $100 million in bribes over a decade. The US government highlighted that bribery was ingrained in Glencore's corporate culture. Despite the scandal, no top executives have faced consequences yet. Glencore claims to have reformed with new compliance measures and a change in personnel.

What changes has Glencore claimed to have made in response to the allegations?

What is the current status of senior executives in relation to the bribery allegations?