Marc Rich was an international commodities trader, hedge fund manager, financier and businessman. He was best known for developing modern 20th century financial markets for commodities and founding the commodities company Glencore. He was also known for receiving a pardon by former President Clinton in the United States from federal charges related to violating sanctions against his oil and commodity trades with Iran. He was in Switzerland at the time of the indictment and never returned to the United States throughout the rest of his life. He received a presidential pardon from U.S. President Bill Clinton on January 20, 2001, Clinton's last day in office.
Glencore plc (an acronym for Global Energy Commodity Resources) is an Anglo–Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland, and a registered office in Saint Helier, Jersey. The current company was created through a merger of Glencore with Xstrata on 2 May 2013. As of 2015, it ranked tenth in the Fortune Global 500 list of the world's largest companies.
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