Barrick's Peter Munk defends successor John Thornton

摘要

During his farewell speech to shareholders at the company's annual meeting on April 30, Barrick Gold's (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the "right guy" to replace him. The 86-year-old executive, who founded Barrick in 1983, said he was "really hurt and confused" when shareholders criticized the company's pay package for Thornton. The company would have not survived through the decades if it was careless with its shareholders' money, he said.