– 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.
HSBC Holdings Plc may appoint Simon Robertson, chairman of Rolls-Royce Group Plc, as a temporary successor to Chairman Stephen Green, Sunday Times reported, without saying where it got the information.
U.S. regulators implementing the Dodd-Frank Act are following a “seriously flawed” process that may damage the financial system and hinder economic recovery, according to top members of a capital markets research group.
News Corp., the media company run by billionaire Rupert Murdoch, nominated ex-Colombian President Alvaro Uribe and former U.S. Secretary of Labor Elaine Chao as directors, bolstering the board’s government experience.