One character vying with bankers Fred Goodwin and Bob Diamond for the title of most hated in the business sector is the lesser known Christopher Mahoney of very large commodity traders Glencore.

Mahoney, currently Swiss-based Glencore’s director of agricultural products, came across as seriously nasty and did his employer no credit at all when he gloated recently that the world food crisis, which could cause a lot of deaths, was good for his company saying “The environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness”, an incredibly stupid remark that gave the Independent newspaper a front page headline, “We’ll make a killing out of food crisis, trading boss boasts” and the story headline “Unholy trade of making millions out of misery”.

Anyone else remember what happened to Gerald Ratner’s company after he boasted to an appreciative if vacuous audience at the Institute of Directors that he sold “crap”?

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