Billionaire John Paulson targets gold-mining CEOs over pay

Section:

By Anders Melin, Danielle Bochove, and Luzi-Ann Javier
Bloomberg News
Tuesday, September 26, 2017

Billionaire John Paulson is building a coalition of major investors in some of the world's top gold producers to curb years of "value destruction" and excessive executive compensation in the industry.

"The days of CEOs getting rich while shareholders lose has got to end," Paulson said Tuesday in an emailed statement ahead of a presentation by Paulson & Co. at the Denver Gold Forum. "Management must be accountable."

The group, to be named the Shareholder's Gold Council, aims to unify and amplify the voices of institutional investors on matters including board appointments, pay plans, and merger activity, said Marcelo Kim, a partner at the hedge fund firm who oversees investments in natural resources. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-09-26/billionaire-paulson-t...



ADVERTISEMENT

Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

https://goldco.com/



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe...

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16