The Globe and Mail reports in its Thursday edition that Peter Munk, the late founder and chairman of Barrick Gold who died in March at age 90, might both approve and disapprove of the company he left behind. The Globe's Eric Reguly writes that Mr. Munk would certainly be happy that Barrick is bulking up again through its $6-billion (U.S.) takeover of African miner Randgold Resources. He might disapprove of the fate of the Toronto head office. It will keep shrinking, possibly drastically, as the famously lean Randgold management team takes control. Toronto will remain as Barrick's head office. Indeed, Toronto will be the official seat of the one of the world's greatest mining companies. It simply will not have many employees there. Mark Bristow, Randgold's South African chief executive officer who is to become CEO of the new Barrick, almost certainly will not be moving to Toronto. Six or seven years ago, before Mr. Thornton arrived, Barrick housed 500 employees in Toronto. Today, that number has shrunk to about 150. Under Mr. Thornton, the number of middle managers has fallen by half to 700 or so, and probably will fall much farther under Mr. Bristow. Mr. Thornton said last month that he wants to get down to 300.