The week investors feared a Lehman déjà-vu
October 2 -- From London to New York to Hong Kong, the frantic question kept coming: could this be another Lehman? But nowhere did it cause more alarm than inside Glencore Plc -- the Swiss commodities giant that had suddenly found itself at the epicenter of a global panic on Monday. Shares in the Swiss commodities giant plunged 29 percent on Monday, their worst drop ever, on concerns over its $30 billion debt load. While Glencore since has regained most of the $6 billion of shareholder wealth erased in a few hours, many investors wonder if Glasenberg can hold the markets at bay.Peter Grauer, the chairman of Bloomberg LP, the parent of Bloomberg News, is a senior independent non-executive director at Glencore.
