Barrick's Irish boss ousted
Aaron Regent, the Dublin-born boss of €32bn-valued Barrick Gold, the world's biggest gold firm, was sensationally ousted last week following a share price slide.
Regent (above), was the highest-paid executive in Canada -- where Barrick is headquartered -- in 2009, when he picked up a pay packet of around €16.4m in salary and bonuses. Last year, he earned a more modest €7.2m.
The 45-year-old became chief executive in January 2009. His departure from the company last week was "with immediate effect".
Under his command, Barrick spent €5.7bn to buy Australian copper company Equinox in a bid to expand into the copper sector. Barrick's share price performed poorly following the deal.
Sunday Indo Business