Barrick

Barrick Up Despite Lawsuit

Los Angeles-based law firm Glancy Prongay & Murray LLP said last week it had filed a class action lawsuit in the US District Court for the Southern District of New York on behalf of those who acquired Barrick shares between February 16 and April 24 this year. The complaint alleges that Barrick made materially false and/or misleading statements during the period about the situation at the …


Barrick Chairman John Thornton Takes $10-Million Cut in Pay

John Thornton has finally addressed the recurring outcry over his compensation – by taking a nearly $10-million (U.S.) cut in pay. The executive chairman of Barrick Gold Corp. will receive $3.1-million for his work in 2015, a dramatic reduction from the $12.9-million he pocketed for 2014. Shareholders have twice voted against Mr. Thornton’s compensation package in recent years through non- …