A bargain for those who'd suppress gold


Barrick CEO Got Big Boost
in Compensation in 2006

By Andy Hoffman
The Globe and Mail, Toronto
Friday, March 30, 2007


Barrick Gold Corp. president and chief executive officer Greg Wilkins' pay package nearly doubled to US$9.4 million in 2006, a year that saw the gold giant's share price lag the increase in the price of gold. The mining executive took home $1.2 million in salary, a $3 million bonus, $1.7 million worth of stock options, and $2.65 million in restricted share units, according to a filing with U.S. and Canadian securities regulators. Including $707,381 in company contributions to his retirement plan, Mr. Wilkins' compensation totalled $9.4 million last year, a 90-percent increase from $4.9 million in 2005. Spot gold prices rose 30 percent in 2006, and Barrick shares 13 percent. ...

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