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Founder and chairman Peter Munk owns just 0.2 per cent of Barrick’s stock, but wields the sort of power usually reserved for a controlling shareholder.
Founder and chairman Peter Munk owns just 0.2 per cent of Barrick’s stock, but wields the sort of power usually reserved for a controlling shareholder.
(FERNANDO MORALES/THE GLOBE AND MAIL)

DAVID PARKINSON

Peter Munk should go before the last investor does

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The Peter Munk-led dynasty on Barrick Gold Corp.’s board has become like a bad Saturday Night Live sketch – seemingly endless, not that clever, and it stopped being entertaining a long time ago.