How to be decentralised: the Mick Davis masterclass

摘要

Sir mick davis is a mining legend, a platinum-grade business titan. Over four decades, 'Mick the Miner' has been an awesomely effective manager in an ultra-demanding industry. With his background as a Chartered Accountant, Davis was an architect of the merger that created BHP Billiton, the world's largest mining company. In 2015, he raised $5.6bn to create a new mining and metals group, X2 Resources. In total, he's raised more than $35bn from global capital markets during his career and has completed more than $120bn of corporate transactions. Davis is best known for his achievements at Xstrata. When he joined it in 2001, it was a small, debt-laden mining company. Davis built it into a $50bn company, before merging it with Glencore in 2013. The Xstrata story is notable in particular for the mega-corporation's lean business model. Even at its pre-merger peak, Xstrata had a head office team of just 35. Davis seems particularly proud of this.