'Our staff don't do work-life balance' Glencore Xstrata chief executive officer Ivan Glasenberg. THE chief of the world's fourth biggest mining company says his employees have no life outside work but they payoff is that they are all rich. Ivan Glasenberg, chief executive of the newly merged behemoth Glencore Xstrata, told The Wall Street Journal that the work ethic at his company meant it was a great investment. "I tell investors, come meet [my employees], and tell me who you think is going to lie at the beach," he said. There's no beaches. Asked if anyone at the $US72 billion ($70 billion) company had a work-life balance, Mr Glasenberg replied, "No. We work. You don't come here to take life easy. And we all got rich from it, so, you know, there's a benefit from it. He said if you don't work hard then you will undoubtedly be exposed by your co-workers and eventually shown the door. I see it happening. Some guy suddenly decides: "I want to take it easier, I want to spend more time with the family..." an attack will come," he said. I've been through two generations of heads [of trading divisions]. Every one of those heads was kicked out from below. That would include his job, which he has held with Glencore since 2002, "if I am not pulling my weight and setting an example." Mr Glasenberg said miners should not be jealous of the seven and sometimes eight figure salaries that traders make. "You want to be a trader, come be a trader," he says. The door's open. You want to travel six days a week, you want to travel the world.