“We acknowledge the misconduct identified in these investigations and have cooperated with the authorities,” CEO Nagle said in a statement. “This type of behavior has no place in Glencore, and the board, management team and I are very clear about the culture that we want and our commitment to be a responsible and ethical operator wherever we work.” While the expected total payment is among the largest anti-corruption fines on record, it’s a relatively trifling amount for Glencore. The company is expected to earn more than $17 billion this year, according to analysts’ consensus, meaning that it would make back the $1.5 billion in less than 5 weeks.