|
|
Precious Metals
|
|
||
Re: Barrick Chairman Thornton gets nearly $13 million in 2014 compensation. . . . . but, but, but . . . . Behold our "entrepreneurial roots"! http://www.bloomberg.com/news/articles/2015-03-26/barrick-gold-mints-35-partners-as-it-seeks-revitalization (excerpts) (Bloomberg) -- Barrick Gold Corp. Executive Chairman John Thornton wants his executives to have skin in the game. To do that, he’s rolling out a Wall Street-style partnership to give them significant stakes in the world’s largest gold producer. (This) partnership model (envisioned) Thornton, a one-time senior banker at Goldman Sachs Group Inc., is indicative of his intentions to return Barrick to its entrepreneurial roots after becoming weighed down by debt amid falling gold prices. “We are restoring both the model and the mindset of partnership,” the company said in the memo, which was signed by six of its most senior executives. “Like Barrick’s founders, today’s leaders will rise and fall together as owners of the business.” |
return to message board, top of board |