Golden Phoenix

Golden Phoenix

The Biography Peter Munk

Book - 1997-
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Publisher: Key Porter Bks., c1997-
ISBN: 9781550139129
1550139126
Branch Call Number: 338.7622 Mun

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Liber_vermis
Apr 13, 2018

This biography is very readable but would have benefited from the author giving readers definitions of business terminology. The portrait covers both Munk's business and personal life. The book has some black and white photographs and an index; but lacks end notes or a bibliography. As Munk died in March 2018 hopefully this biography may be updated with the final 20 years of a remarkable businessman's life and legacy. Reading Chapter 40 on the Bre-X near-miss makes this book worthwhile.

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l
Liber_vermis
Apr 13, 2018

In late June 1944 the 16-year old Peter Munk was among the 1,600 Hungarian-Jews on "Kasztner's Train" fleeing Nazi persecution. After emigrating to Canada in 1948, he completed education as an electrical engineer and then embarked on a remarkable business career. His first success - and failure - was the Clairtone Sound Corporation manufacturing deluxe radio-record player units. Subsequently, he ventured into resort and hotel chain development, business park development, and gold mining around the world. The next-to-last chapter describes the frantic negotiations between Munk's "Barrick Gold", the Indonesian government, and a junior mining stock exploration company as they staggered toward the financial cliff known as the Bre-X Scandal. This biography reveals the importance of networking, management development, and rewarding employees that enabled Munk to seize the opportunities that gave his success. As well as a ladies-man, Munk was the friend of presidents, prime ministers, and other tycoons; and a philanthropist. [Munk died in March 2018.]

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