Data Sheet—From GE to Barrick Gold, Companies Learn Digital Transformation Isn’t So Easy [Fortune]
BARRICK GOLD (ABX)
Last barrick gold earnings: 10/24 05:05 pm
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Source: Fortune
Peter Munk, Founder and Chairman of Barrick Gold speaking at their Annual General Meeting . David Cooper Toronto Star via Getty Images It’s time for reflection as the world heads for a shutdown—the good kind, where you rest, play, read, watch, listen, and otherwise enjoy the company of friends and family. We all have plenty to contemplate. Instinct suggests we’re exiting an epoch of excess, a period where easy money trumped good ideas and prudent decision-making. In China, for example, a reckoning is imminent for what always looked like an insanely crowded bike-sharing market. As we mentioned yesterday, Alibaba-backed Ofo is having trouble honoring $200 million in rider deposit requests. Breakingviews suggests Ofo could go bankrupt , a sign of Chinese investment overkill. Elsewhere, chickens have come home to roost for executives who chased fads, sometimes even if they were the right fads to chase. The Wall Street
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