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0 0.000119381167011798 -0.00036788890242409 0 0 -0.000243635034717944 -0.00511633572907786 -0.00243635034717996
Stock impact report

Barrick chair Thornton considered splitting company in three parts as early as 2018, but doubled down on risky assets instead [Globe and Mail, The (Toronto, Canada)]

Barnes Group, Inc. (B) 
Last barnes group, inc. earnings: 4/24 06:30 am Check Earnings Report
Thornton considered breaking Barrick up in 2018, before buying Randgold's extensive African operations. Mark Blinch/Reuters At the time, Mr. Thornton was executive chair of Barrick and had operational control. With its shares in the doldrums, he was under a lot of pressure to turn the company around. One way out of the morass, as he saw it, was to break it up. Barrick announces management shakeup as activist investor takes large stake in company The revelation that Mr. Thornton considered breaking Barrick up in 2018 but then bulked up by buying Randgold's extensive African operations – a strategy that ultimately failed – raises questions about his judgment. Mr. Thornton, who was recruited by Barrick founder Peter Munk, has been with the company since 2012. Mr. Thornton declined to comment for this story. Investors assign a premium valuation to Barrick's North American mines, but multiple geopolitical spats at its African sites over the years have led to those assets being va Show less Read more
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