Peter Munk built Barrick Gold Corp. into the world’s largest gold producer by expanding into Africa and South America. Now former Goldman Sachs Group Inc. President John Thornton is betting on China to help revive the beleaguered company’s fortunes.
U.S. Senator Robert Menendez denied any wrongdoing after NBC 4 New York reported the U.S. Justice Department was probing his efforts to help two fugitive bankers living in Florida avoid extradition to Ecuador.
Barrick Gold Corp. said founder Peter Munk will retire after more than 30 years with the world’s biggest gold producer and it nominated four new directors after some investors criticized the independence of its board.
– Barrick Gold Corp. founder Peter Munk sees a successor in former Goldman Sachs Group Inc. President John Thornton as the world’s biggest gold miner tries to reverse a 54 percent plunge in market value in the past year.
Barrick Gold Corp. investors including Canada’s six biggest pension fund managers criticized as excessive a $11.9 million signing bonus paid to John Thornton, co-chairman of the world’s biggest gold producer.
Stephen Green plans to step down as executive chairman at HSBC Holdings Plc later this year and will be succeeded by John Thornton , the Sunday Telegraph reported, without saying where it obtained the information.