Barrick Gold Cuts Thornton Pay 76% After Investor Criticism
- Compensation down to $3.1 million after forfeiting incentives
- President Dushnisky's total pay declines 3.1% to $4.35 million
Barrick Gold Cuts Thornton's Total Pay to $3.08M for 2015
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Barrick Gold Corp. awarded Executive Chairman John Thornton $3.08 million in total compensation, 76 percent less than last year, after he gave up his bonus in the wake of investor criticism of pay packages at the world’s largest gold producer.
Thornton, 62, received a salary of $2.5 million, $204,090 in other compensation and a pension value of $375,000, the Toronto-based miner said Thursday in a regulatory filing. Thornton forfeited $3.4 million of incentives for the year, the company said. The compensation compares with $12.9 million in 2014, which included $9.5 million of incentive pay.