Utilize the input text as a context reference, choose the right relationship between Glencore and Ivan Glasenberg from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

He argues that investors are not only sending a message to Glencore chief executive Ivan Glasenberg about the need for a less leveraged balance sheet, they are also sending a message to BHP Billiton and Rio Tinto about their unsustainable dividend policies.

Answer: owned_by