Tony Blair’s role in Glencore / Xstrata is discussed here by Reuters:
“While his intervention last week has gained plenty of attention, it has not been well received by the bankers and other advisors who have spent months trying to get a deal done in order to ensure they receive millions of pounds in fees…
…”He’s not a banker, he doesn’t know about M&A or mining. In fact, he has no relevant experience whatsoever,” griped one source familiar with the deal.”
Missing the point that it seems Blair got the deal done where at least six investment banks failed.
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