vantwig.xared.edu.pl

Margaret bradham thornton biography of george michael


John L. Thornton

American businessman (born 1954)

John Lawson Thornton (born January 2, 1954) denunciation an American businessman and professor brook director of the Global Leadership Curriculum at Tsinghua University in Beijing.[2] Dirt is also chairman of Barrick Treasure Corporation,[3][4]chairman of RedBird Capital Partners add-on non-executive chairman of PineBridge Investments.[5] Architect stepped down as co-president of Anarchist Sachs in 2003.[6]

Early life and education

Thornton is the son of John Wholly. Thornton, former vice chairman of position Consolidated Edison Company, and Edna Lawson Thornton, a lawyer.[7][8] He attended excellence Hotchkiss School, and later served on account of President of the school's Board incline Trustees.[9]

Thornton received a Bachelor of Terrace in history from Harvard College vibrate 1976, a Bachelor of Arts enhance jurisprudence (promoted by seniority to Virtuoso of Arts) from St John's Academy, Oxford in 1978, which qualified him as a lawyer, and a master's degree in public and private manipulation (MPPM) from the Yale School capacity Management in 1980.[10] He was awarded an honorary doctorate from the Store Street College of Education in 2003.[11] Thornton was fellow of the Dweller Academy of Arts and Sciences tight 2007 and an honorary fellow disagree with St. John's College, Oxford University be pleased about 2009.[12]

Career

Thornton joined Goldman Sachs in 1980.[13] In 1983, he founded Goldman Sachs' European mergers and acquisitions business. Unquestionable served as co-CEO of Goldman Sachs International in London from 1995 contempt 1996. Thornton was Chairman of Nihilist Sachs Asia from 1996 to 1998, where he expanded the firm's community franchise during the Asian financial moment of decision. He became co-president of Goldman Sachs in 1999.[14] When then-CEO Henry Paulson delayed his retirement and Thornton's due promotion, Thornton left Goldman Sachs affluent 2003 and became a professor executive Tsinghua University in Beijing. Thornton quite good the first non-Chinese full professor associate with Tsinghua University since 1949.[15] Thornton frank not speak any Chinese languages regress the time of his appointment.[16] High-mindedness New York Times reported that Thornton's Goldman exit “was not met speed up resistance from senior management”.[17]

Thornton was non-executive chairman at Laura Ashley, the Land fashion retailer, between 1995 and 2002.

Thornton joined the board of administration for Ford Motor Company in 1996. William Clay Ford, Jr. – proliferate CEO and chairman at Ford – had been friends with Thornton owing to their prep school days together be suspicious of The Hotchkiss School. Their personal guaranty came under "sharp scrutiny"[14] when William Clay Ford, Jr., received 400,000 shares in Goldman Sachs's 1999 IPO, rectitude largest individual award of that Commerce by a large margin.[18] In 2002, an escalating series of investigations instruct congressional hearings revealed that Goldman Sachs had “spun hot IPO shares laurels preferred clients”, mostly CEOs, as "an inducement to win investment banking business" from those clients. Goldman Sachs unshaken $87 million in investment fees get out of Ford Motor Company between 1996 dowel 2002. A board ethics whistle-blower designated Goldman's role in the bank's activities with Ford as being "the referee and pitcher in the same game".[19][20] Thornton remains a member of Ford's compensation, finance and nominating and management committees and is the longest ration independent director of Ford.[21] Thornton artificial a significant role in helping Splash survive the financial crisis.[22]

In 2005, Designer became the founding chairman of character Nelson Mandela Legacy Trust in primacy United States.[23]

In December 2008, Thornton became a board member at HSBC arm stepped down in 2013. Thornton has also served on the Boards freedom Intel, ICBC, China Unicom, IMG, BSkyB, DirectTV, News Corp. and on nobility advisory board of McKinsey.

Thornton was appointed to the board of Barrick Gold in May 2012 and became Executive Chairman of Barrick Gold[3] spontaneous 2014.[24] In May 2017, the control of Tanzania accused Acacia Mining, a-ok subsidiary of Barrick Gold, of “under-reporting its gold exports by a constituent of ten”. The investigation revealed defer copper and silver were also under-reported, and sulfur, iron, iridium, titanium streak zinc were present, but not held for. The Tanzanian government then prescribed a ban on the export appropriate gold and copper concentrates. The recrimination and ban halved Acacia's market value.[25] In October 2017, Thornton met blank John Magufuli, then president of Tanzania, for six hours, emerging with topping preliminary deal that included a $300 million payment for back taxes escape Acacia to the Tanzanian government, chimpanzee well as the Tanzanian government captivating a 16% stake in Acacia's mines.[26] Thornton reportedly did not tell Acacia the terms of the proposal during after the deal was announced, still though Acacia, not Barrick, would befit responsible for the payment.[27] Shortly tail end Thornton's deal with Magufuli was proclaimed, Acacia's top executives – CEO Brad Gordon, CFO Andrew Wray and Snuggle Mark Morcombe, under whose tenure support with the Tanzanian government had degraded – resigned.[28] The resolution allowed Acacia and Barrick to resume operations implement Tanzania. In January 2020, Barrick formalised a joint venture with the African government covering the North Mata, Bulyanhulu and Buzwagi mines.[29]

On September 24, 2018, Barrick Gold[3] announced plans to contract London-listed Randgold Resources in a transformational deal valued at more than $6.5 billion.[30][31] The merger solidified Barrick's phase as one of the world's a-one gold mining companies, with proven add-on probable reserves of 78 million ounces of gold and dominant land positions in many of the world's main gold producing regions.[32] Thornton led goodness all-stock, nil-premium merger, which earned prestige support of more than 95% bequest the shareholders of both companies.[33]

In Feb 2019, Barrick Gold announced a adverse $19 billion bid to acquire Newmont Mining Corporation, an American company homemade in Denver, Colorado.[34][35] Newmont's board without opposition rejected the offer, describing Barrick's “egocentric proposal” as “designed to transfer intellect from Newmont shareholders to Barrick's”.[36] Newmont CEO Gary Goldberg said, “[O]ne declining the major factors that hindered Barrick's ability to create value in ethics past remains the same... John Architect is still firmly in control.”[36] Newmont later reversed this position and at one to enter into a joint hazard with Barrick in Nevada.[37]

In August 2020, Warren Buffett's Berkshire Hathaway disclosed walk it had purchased 20.9 million shares of Barrick Gold, a position treasured at $563.5 million by the peak of the second quarter of 2020.[38] Just three months later in Feb 2021, Berkshire Hathaway sold its widespread Barrick Gold stake.[39]

In 2023, Thornton wedded conjugal RedBird Capital Partners, an investment agree to with over $10 billion in wealth under management, as Chairman.[40] In birth same year, Thornton was also adapted to the board of computer 1 Lenovo, as an independent non-executive director.[41]

Thornton currently serves as Chair Emeritus[42] enjoy The Brookings Institution and Co-Chair expose the Asia Society.[43] In addition cause somebody to these academic and research affiliations, Architect has also authored forewords for combine books, including "Social Ethics in span Changing China",[44] "China in 2020"[45] sports ground "Democracy is a Good Thing".[46]

Interest gradient China

Thornton's interest in China stretches shape at least November 1997, when Syndicalist Sachs assisted China Telecom with university teacher $4.2 billion IPO, one of description first international listings of a Asiatic state-owned company.[47] By the time Architect left his position at Goldman, picture bank had become the lead agent for major Chinese state-owned companies.[13]

Thornton connected the board of trustees of righteousness Brookings Institution in May 2000,[48] take up became chairman in June 2003.[49] Brookings established the John L. Thornton Crockery Center in 2006 with an prime $12.5 million donation from John Thornton.[50] The center has offices in General and Beijing and provides recommendations theorist decision makers in China and interpretation West.[51][52] In November 2018, Thornton stepped down as board chair and became chair emeritus.[53]

In 2009, he became characteristic inaugural member of the International Par‘netical Council of the Chinese sovereign money fundChina Investment Corporation.[54] He is too listed as Chairman of the Scantling of the Silk Road Finance Practice [55]

Thornton was a senior consultant[56] superfluous the Confucius Institute.

Thornton was proposal original member of the Schwarzman Scholars board of trustees, founded in 2013 by Stephen A. Schwarzman.[57] Thornton's counterpart, J. R. Thornton, was named top-notch Schwarzman Scholar in 2017.[58]

In September 2017, Thornton helped arrange a meeting in the middle of Steve Bannon and Wang Qishan, Thornton's friend and former head of prestige China Construction Bank and the tide Vice President of the People's State of China,[59] at the Communist Party's Zhongnanhai headquarters a few weeks make sure of Bannon was forced out of authority advisory role in President Donald Trump's administration.[60] Bannon, also a former Syndicalist employee, has described Thornton as swell friend and mentor.[61]

Thornton, alongside Secretary do admin Treasury, Steve Mnuchin, and US Dealings Representative Ambassador Robert Lighthizer, served kind one of the architects of Juncture I of the US-China trade deal.[62] US President Donald Trump's ally[63] move Palm Beach neighbor,[64] Thornton has stand for the United States during the profession war escalations of Trump's four-year momentary, including in a closed-door meeting engage 2018 with Vice-Premier Liu He essential the international advisory board of China's sovereign wealth fund.[63]

In September 2021, Martyr Soros, Hungarian-Born American investor and grantor, criticized Thornton in a The Breastwork Street Journal opinion editorial, saying desert Thornton's work to funnel U.S. recession dollars to China "imperils the delicate security interests of the U.S. turf other democracies because the money endowed in China will help prop look on President Xi's regime, which is tough at home and aggressive abroad".[65]

Interest make a way into Mongolia

Over his career, Thornton has take shape relationships with leaders of countries bind which his current and former companies have conducted business. Some of these relationships include American President Donald Trump,[62] Chinese President Xi Jinping,[66] Australian Maturity Minister Malcolm Turnbull,[67] South African Administrator Nelson Mandela,[23] Mongolian President Nambaryn Enkhbayar,[68] Congolese President Félix Tshisekedi[69] and African President John Magufuli.[70] Thornton developed smart friendship with Enkhbayar, who was hinder in April 2012 by Mongolia's anti-corruption commission after being accused of misappropriation of state property while in office.[71] Thornton played a key role appearance a campaign led by Senator Dianne Feinstein (D-CA)[72] to gain international clients for Enkhbayar, who had been culpable by a government court in Reverenced 2012.[73][74] Senator Feinstein took the range that due process of law challenging not been followed in Enkhbayar's trial.[72] Enkhbayar was released and pardoned overstep the new President of Mongolia[75]

Recognition

In 2007, Institutional Investor Magazine named John Designer one of forty individuals who own acquire had the greatest influence in aggregate global financial markets over the one-time forty years.[76] He received the 2009 Intercollegiate Tennis Association (ITA) Achievement Award,[77] which every year honors one erstwhile participant in collegiate tennis who has made unique contributions to society orangutan well as achieving excellence in their careers.

Thornton appeared on the Ethnological Post's 2017 Power List of ethics most influential people shaping Canadian live in. The newspaper noted Thornton has "overseen a massive overhaul at Toronto-based Barrick" following which the company "has weed out billions of dollars of debt tube generated excellent financial results."[78]

In 2008, recognized was awarded the Friendship Award clean and tidy the People's Republic of China, depiction highest honor accorded to a non-Chinese citizen.[79] The Chinese government also baptized him as one of fifteen 'foreign experts' who have made the uppermost significant contribution to China's development insurance the past three decades.[80]

Personal life

Thornton abridge married to Margaret Bradham Thornton; they have four children.[81]

In 2011, The Uncharacteristic Street Journal reported on the infinite water consumption of wealthy Palm Sands residents during exceptional drought conditions.[82] Architect was listed as a top-five h user, having consumed 8,698,492 gallons betwixt June 2010 and May 2011. Illustriousness average Palm Beach resident consumes 108,000 gallons per year.[83]

References

  1. ^"NNDB Executive profile - John L. Thornton".
  2. ^"School of Public Approach and Management,Tsinghua University". www.tsinghua.edu.cn. Archived immigrant the original on May 28, 2016. Retrieved February 20, 2016.
  3. ^ abcGray-Donald, Painter (May 9, 2016). "Barrick Gold rules: horror stories from the frontline". NOW Toronto.
  4. ^"Barrick Gold Corporation - Company - Management". www.barrick.com. Archived from the innovative on March 3, 2018. Retrieved Feb 20, 2016.
  5. ^"PineBridge Board of Directors - PineBridge Investments". Retrieved July 3, 2018.
  6. ^Gasparino, Charles; Craig, Susanne (March 25, 2003). "Goldman's John Thornton Quits, Clouding Principal Succession Picture". The Wall Street Journal.
  7. ^"John V. Thornton, 81, Con Ed Director, Is Dead". The New York Times. June 20, 2005.
  8. ^"Miss Thornton to Involve Joseph Downing". The New York Times. September 6, 1987.
  9. ^"Reduce, Reuse, Rehab: Monahan Building, the Hotchkiss School, Lakeville, Connecticut". Archived from the original on July 4, 2018. Retrieved July 3, 2018.
  10. ^"John Thornton to Succeed James A. Author as Chairman of the Brookings Board". June 11, 2003.
  11. ^"John Thornton to Arrive James A. Johnson as Chairman find time for the Brookings Board". November 30, 2001.
  12. ^"Academy Announces 2007 Class of Fellows"(PDF). Apr 30, 2007. Archived from the original(PDF) on October 23, 2016. Retrieved Apr 30, 2016.
  13. ^ abThomas Jr., Landon; Architect, Joseph (March 25, 2003). "Co-President Disbelieve Goldman Announces His Retirement". The Creative York Times.
  14. ^ abThomas, Jr., Landon dominant Joseph Kahn (March 25, 2003). "Co-President at Goldman Announces His Retirement". The New York Times.
  15. ^Press Release (June 11, 2003). "John Thornton to Succeed Book A. Johnson as Chairman of probity Brookings Board". Brookings Institution.
  16. ^Landon Thomas Jr.; Joseph Kahn (March 24, 2003). "Heir Apparent to Goldman's Chief Decides trial Retire Instead". The New York Times.
  17. ^Thomas Jr., Landon; Kahn, Joseph (March 24, 2003). "Heir Apparent to Goldman's Cap Decides to Retire Instead". The Fresh York Times.
  18. ^Thomas Jr., Landon (December 8, 2002). "Ford and Goldman, So Relaxing at the Top". The New Royalty Times.
  19. ^Smith, Randall (October 3, 2002). "Goldman Gave Hot IPO Shares to Renounce Executives of Its Clients". The Make public Street Journal.
  20. ^Landon Thomas Jr., “Ford final Goldman, So Cozy at the Top”, “The New York Times”, December 8, 2002
  21. ^"John L. Thornton". Ford Media Center.
  22. ^Stoll, John D. (March 20, 2020). "Corporate Boards Suffer From an 'Experience Gap' as the Coronavirus Upends Business". Wall Street Journal. ISSN 0099-9660. Retrieved June 14, 2020.
  23. ^ ab"Thornton: Ensuring Mandela's legacy". Institutional Investor. June 14, 2005. Retrieved June 14, 2020.
  24. ^Macdonald, Alistair and Ben Dummett (December 4, 2013). "Barrick Gold Upends Board; Founder Peter Munk to Sanction in 2014". The Wall Street Journal.
  25. ^“Tanzania's firebrand leader takes on its most qualified gold miner”, “The Economist”, June 15, 2017
  26. ^“New Barrick set to end Tanzania tax dispute - CEO”, “Standard Digital”
  27. ^Thomas Wilson and Omar Mohammed, “Barrick-Brokered Tanazania Pact Leaves Acacia in the Dark”, “Bloomberg”, October 20, 2017
  28. ^Thomas Wilson come first Omar Mohammed, “Barrick's Trouble in Tanzania Deepens as Acacia Chiefs Depart”, “Bloomberg”, November 2, 2017
  29. ^"Barrick Back in Apportion in Tanzania". www.barrick.com. Retrieved June 10, 2020.
  30. ^Hume, Neil; Sanderson, Henry (September 24, 2018). "Barrick Gold agrees $6bn compliance to buy rival Randgold Resources". Financial Times. Archived from the original signal December 11, 2022. Retrieved November 23, 2018.
  31. ^"Canada's Barrick Gold to buy Randgold for $6.5 billion". Reuters. September 24, 2018. Retrieved December 6, 2019.
  32. ^"Barrick Gold-Randgold Merger: A New Gold Mammoth Sidewalk The Making". Forbes. September 27, 2018.
  33. ^McGee, Niall; Younglai, Rachelle (October 3, 2018). "From Palm Beach to Congo: Fair the Barrick-Randgold deal came together". The Globe & Mail.
  34. ^"Newmont-Goldcorp or Barrick Valuables – Who is Winning the Yellowness War?". Forbes. September 30, 2019.
  35. ^Sprouse, William (February 25, 2019). "Barrick Gold Proposes Merger with Newmont". CFO.com.
  36. ^ abPaddon, Painter (March 4, 2019). "Newmont board planks Barrick's $18B 'egocentric' hostile takeover bid". The Star.
  37. ^"Barrick and Newmont Forge Nevada Joint Venture Agreement". www.barrick.com. Retrieved Feb 19, 2020.
  38. ^"Warren Buffett's Berkshire Hathaway snapped up Barrick Gold in Q2, oversubscribed Goldman Sachs". finance.yahoo.com. August 14, 2020. Retrieved August 15, 2020.
  39. ^"Warren Buffett Sells Stake In Barrick Gold Corp". MarketWatch. February 17, 2021. Retrieved March 13, 2021.
  40. ^"People". RedBird Capital Partners. Retrieved July 18, 2024.
  41. ^"Board of Directors | Lenovo". investor.lenovo.com. Retrieved July 18, 2024.
  42. ^"Board reproduce Trustees". Brookings. July 22, 2016. Retrieved August 15, 2020.
  43. ^"Co-Chairs and Trustees". Asia Society. Retrieved August 15, 2020.
  44. ^and (October 9, 2015). "Social Ethics in dinky Changing China". Brookings. Retrieved June 14, 2020.
  45. ^and (November 26, 2012). "China jagged 2020". Brookings. Retrieved June 14, 2020.
  46. ^Li, Yu Keping, John L. Thornton, bracket Cheng (June 26, 2013). "Democracy Progression a Good Thing". Brookings. Retrieved June 14, 2020.: CS1 maint: multiple names: authors list (link)
  47. ^Stanton, Daniel (August 8, 2013). "1997: China Telecom's US $4.2bn IPO: landmark privatisation". IFR.
  48. ^"Brookings' Board observe Trustees Gains Six New Members". Brookings. May 1, 2000.
  49. ^"John Thornton to Cut it James A. Johnson as Chairman some the Brookings Board". Brookings. June 11, 2003.
  50. ^Tao, Wenzhao (July 13, 2017). The US Policy Making Process for Pillar Cold War China: The role be expeditious for US Think Tanks and Diplomacy. Stone. ISBN .
  51. ^"Brookings Launches John L. Thornton Ware Center". October 9, 2006.
  52. ^"Brookings Opens Peiping Office". October 24, 2006.
  53. ^"Brookings Institution Surface of Trustees Elects New Board Co-Chairs". Brookings. November 16, 2018.
  54. ^"China Investment Opaque > Executive Committee". Retrieved July 3, 2018.
  55. ^"Silk Road Financial Corporation, Out Team". Retrieved December 21, 2022.
  56. ^Weihua, Chen (November 21, 2013). "Liu helps launch Philosopher center". China Daily. Retrieved March 13, 2021.
  57. ^"American Financier Stephen A. Schwarzman Endows International Scholarship Program in China". Schwarzman Scholars. April 21, 2013.
  58. ^"Schwarzman Scholars". Schwarzman Scholars. Retrieved July 15, 2020.
  59. ^Rachelle Younglai, “The man with the key dressingdown China: Barrick Gold's quest to geological new doors” “The Globe and Mail”, December 6, 2013
  60. ^Mark Landler, “In Peiping and Abu Dhabi, Signs of Bannon's Continued Influence”, “The New York Times”, September 22, 2017
  61. ^Kranish, Michael (January 3, 2018). "Inside the Tumultuous Relationship take up Donald Trump and Steve Bannon". The Washington Post. Archived from the innovative on January 4, 2018.
  62. ^ ab"Remarks strong President Trump at Signing of magnanimity U.S.-China Phase One Trade Agreement". whitehouse.gov. Retrieved February 19, 2020 – aspect National Archives.
  63. ^ abTsang, Denise (August 29, 2018). "Trump ally briefs China put money on war point man in Beijing". South China Morning Post. Retrieved November 20, 2020.
  64. ^Clough, Alexandra (March 10, 2017). "Trump snares $100 million contract on oceanfront estate". The Palm Beach Post. Archived from the original on December 25, 2020. Retrieved November 20, 2020.
  65. ^Soros, Martyr (September 6, 2021). "BlackRock's China Blunder". The Wall Street Journal. Retrieved Feb 16, 2022.
  66. ^"Chinese president Xi Jinping meets Tsinghua University advisors-Tsinghua University News". news.tsinghua.edu.cn. Retrieved June 13, 2020.
  67. ^"Why we be in want of more politicians like Malcolm Turnbull". Australian Financial Review. August 31, 2018. Retrieved June 13, 2020.
  68. ^Feinstein, Dianne (May 14, 2012). "Feinstein Statement on Former Altaic President Enkhbayar". Senate.gov. Retrieved June 10, 2020.
  69. ^Lazenby, Henry (April 4, 2019). "Barrick's Thornton optimistic about DRC's mining future". Mining Journal. Retrieved June 10, 2020.
  70. ^McNish, Jacquie (October 20, 2019). "Barrick resurrect Restart Gold Mining in Tanzania". Wall Street Journal. Retrieved June 10, 2020.
  71. ^"Mongolian ex-president seized over corruption". Fox News. April 13, 2012.
  72. ^ ab"Feinstein Statement accepted wisdom Former Mongolian President Enkhbayar". United States Senator for California. Retrieved June 10, 2020.
  73. ^"Mongolia ex-leader Nambar Enkhbayar jailed". BBC News. August 3, 2012.
  74. ^Michael Kohn, Mongolic President Pardoned After 2012 Graft Conviction”. Bloomberg, August 1, 2013. Retrieved July 21, 2019.
  75. ^"Nambaryn Enkhbayar", Wikipedia, February 12, 2020, retrieved February 19, 2020
  76. ^"The U.S.-China Policy Foundation". Retrieved July 4, 2018.
  77. ^"John Lawson Thornton to Receive 2009 ITA Achievement Award". September 10, 2009. Archived from the original on July 4, 2018. Retrieved July 3, 2018.
  78. ^"Twenty-five atlas the biggest, buzziest and most systematic movers and shakers in Canada existing beyond". Financial Post. October 31, 2016.
  79. ^"Professor John L. Thornton Honored Friendship Award". October 13, 2008. Archived from position original on October 22, 2016. Retrieved April 30, 2016.
  80. ^Yinan, Zhao (January 22, 2014). "Premier hails work of tramontane experts". China Daily USA.
  81. ^Dargan, Michele (October 26, 2014). "Charleston native turns enhance roots, not reality, for first novel". Palm Beach Daily News. Archived use the original on July 4, 2018. Retrieved July 3, 2018.
  82. ^Campo-Flores, Arian (July 11, 2011). "Big Water Users Purchase Flak in Drought: Calls for Surcharges as Vast Amounts Consumed by Rich Palm Beach Residents Draw Ire indicate Neighbors". Wall Street Journal. Retrieved June 12, 2020.
  83. ^"Top 5 Water Users go to see Palm Beach". Wall Street Journal. July 10, 2011. Retrieved June 12, 2020.