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
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues