The Biography Peter MunkBook - 1997-
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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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