Mine of insight into Glencore's chairman



Book review: Legionnaire

Legionnaire is the autobiography of a young Englishman who joined the French Foreign Legion.

If you are intending to do business with the Swiss multinational commodity trading and mining company Glencore, you might want to read this book because the Englishman in question is Simon Murray, Glencore's chairman.

While his contemporaries trotted off to university, a 19-year-old Murray presented himself, on February 22 ,1960, at the gates of the Old Fort at Vincennes on the outskirts of Paris and signed away the next five years of his life.

In his own words, he was, "a young buck setting himself an extreme challenge to see if he could hack it in a man's world".

Middle class, well-educated and with a broken love affair behind him, he had decided following the footsteps of Beau Geste would be "romantic". But what followed was an all too real coming of age drama in the ranks of the toughest infantry in the world.

He endured a training regime legendary for its brutality, qualified as a paratrooper and killed with his own hands during Algeria's war of independence.

However, the cauldron of the Legion Etranger's "March! Or Die!" tradition did not break this young man.

He served his full tour of duty, was promoted to corporal and on his discharge went on to join Jardine Matheson in Hong Kong, founded the mobile phone company Orange, become the executive chairman of Deutsche Bank in Asia and joined Glencore.

He had sought adventure but what he found was courage in full measure, integrity and a camaraderie that crossed all boundaries of language, culture and creed. And in his story, you'll get an inkling of the character of the man you might be dealing with.

Legionnaire: An Englishman in the French Foreign Legion is published by Sidgwick & Jackson.

twitter: Follow and share our breaking business news. Follow us

iPad users can read the digital edition of business section as it was printed via our e-reader app. Click here

The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

T20 World Cup Qualifier fixtures

Tuesday, October 29

Qualifier one, 2.10pm – Netherlands v UAE

Qualifier two, 7.30pm – Namibia v Oman

Wednesday, October 30

Qualifier three, 2.10pm – Scotland v loser of qualifier one

Qualifier four, 7.30pm – Hong Kong v loser of qualifier two

Thursday, October 31

Fifth-place playoff, 2.10pm – winner of qualifier three v winner of qualifier four

Friday, November 1

Semi-final one, 2.10pm – Ireland v winner of qualifier one

Semi-final two, 7.30pm – PNG v winner of qualifier two

Saturday, November 2

Third-place playoff, 2.10pm

Final, 7.30pm

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5