COVID Stimulus Watch Individual Entry

Recipient Company:
Glencore Funding LLC
Loan or Loan Guarantee Amount:
$5,532,388

Recipient Details

Ownership Structure: publicly traded

Award Details

Award Date: Aug 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Glencore
Headquartered in: Switzerland
Parent Sector: financial services
Parent Industry: commodity trading; mining
Employees (prior to pandemic): 160,000

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $16,594
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $27,814,760
ConsumerProt icon
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 71 to 1
CEO Compensation: $1,503,000
Tax icon
Good Jobs First has no data in this category
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Details on Accountability data sources