Hydro One CEO's pay cap, Barrick eyes a bid for Newmont: Globe and Mail, and more top news

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Hydro One’s plan to pay a new CEO up to $2.775 million has been rejected by Ontario Energy Minister Greg Rickford who announced a salary cap of $1.5 million on Thursday. The government owns 47% of Hydro One and must approve the utility’s compensation plan; legislation passed last summer gives the province more control over the company. Hydro One claims higher compensation is necessary to attract a quality CEO. ? Here’s what people are saying.

Barrick Gold Corp is exploring a $19 billion hostile bid for Newmont Mining Corp, reports The Globe and Mail citing industry sources. The deal could potentially be one of the biggest ever in the mining sector. The report said Barrick would keep Newmont’s Nevada and African mines but its Australian operations would be taken over by Newcrest. Last month, the Canadian miner paid $6.1 billion to acquire rival Randgold Resources. Exploring ways to boost production led Barrick to study a bid for Newmont, reports Bloomberg. ? Here’s what people are saying.

Pinterest has filed confidentially for an Initial Public Offering, reports The Wall Street Journal, citing people familiar with the matter. The San Francisco-based image app, which tapped Goldman Sachs and JPMorgan Chase to lead its IPO, is said to be looking at a mid-year listing and is expected to seek a valuation of at least $US12 billion. It joins the likes of Lyft, Uber and Airbnb, which all have IPO plans this year. ? Here’s what people are saying.

Apple and Goldman are rolling out a joint credit card to employees for testing ahead of a planned spring release, says The Wall Street Journal citing anonymous people. Using Mastercard’s payment network, the card allows customers to access features on Apple’s Wallet app, allowing them to set spending goals, track rewards and manage balances. The tech giant stands to gain a bigger slice of credit-card purchases through the card than it does through Apple Pay, according to the Journal.? Here’s what people are saying.

Tesla has lost a coveted endorsement: Consumer Reports says it will stop recommending Tesla’s Model 3 over reliability issues, sending the electric carmaker’s shares falling nearly 2%. Model 3 owners highlighted loose body trim and glass defects as problem areas. A magazine’s representative said there were also issues with the car’s difficult-to-replace electronics. Analysts raised concerns over declining quality of Model 3s as Tesla increased production, reports CNBC. Tesla says it fixed the “vast majority” of those issues. ? Here’s what people are saying.

Idea of the Day: If you want help at work, ask your superiors as clearly as you can, says TimeShare CMO’s Melinda Byerley.

“Think it through, and figure out exactly what you want. Then ask for it.”

What's your take on today’s stories? Share your thoughts in the comments.

— Carmel Melouney