Barrick Gold Corp. shareholders have rubber-stamped the company’s rich executive compensation in previous years, but this year sets a high water mark for bonuses at a time when the miner is missing financial and operating targets. Is enough finally enough?
Barrick’s circular lays out the largesse from 2012. Six executives at the company were paid a total of $47.4-million (U.S.), one who left got an additional $12-million and the company raised the target size for executive bonuses. This all took place in a year which Barrick called “challenging.”