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Barrick Gold Corp. founder and Chairman Peter Munk defended an $11.9 million sign-on payment to Co-Chairman John Thornton in the face of opposition from the biggest gold miner’s investors.
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– 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.
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Canadian stocks fell as gold producers tumbled after Cyprus’s bailout deal and better-than- estimated U.S. economic data sent the metal’s price lower for a third day.
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Barrick Gold Corp. founder and Chairman Peter Munk said his company’s “unorthodox” C$7.3 billion ($7.6 billion) acquisition of copper producer Equinox Minerals Ltd. was necessary to fund new gold mines.
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Peter Munk , the chairman of gold producer Barrick Gold Corp. , wants to triple the number of berths at a former Soviet-era naval port on the Adriatic Sea as he converts the marina into a resort for the world’s wealthiest.
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Barrick Gold Corp. Chairman Peter Munk said his company’s C$7.3 billion ($7.6 billion) purchase of copper producer Equinox Minerals Ltd. won’t distract it from focusing on mining the precious metal.
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Barrick Gold Corp . Chairman Peter Munk said gold prices will extend gains as economies remain unstable and there’s no reason to hedge against a decline.
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Barrick Gold Corp. is poised to resume its focus on gold after firing Chief Executive Officer Aaron Regent, who failed to boost the share price by expanding into copper with the acquisition of Equinox Minerals Ltd.
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John Allison, former chairman of bank holding company BB&T Corp., admires author Ayn Rand so much that he devised a strategy to spread her laissez-faire principles on U.S. campuses. Allison, working through the BB&T Charitable Foundation, gives schools grants of as much as $2 million if they agree to create a course on capitalism and make Rand’s masterwork, “Atlas Shrugged,” required reading.
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Barrick Gold Corp. founder and Chairman Peter Munk said Chief Executive Officer Aaron Regent will step down after the world’s biggest producer of the metal was “disappointed” by its share performance.
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