Toronto: Goldcorp Shareholders

toronto: Inc. says in a letter that it believes the US 1.5-billion premium offered to Goldcorp shareholders is unjustified given the company's poor performance.A Goldcorp sign is pictured at the Goldcorp annual general meeting in Toronto on May 2, 2013, according to The Toronto Star. Aaron Vincent Elkaim / THE CANADIAN PRESS The firm, which holds 14.2 million shares in Newmont, says it does not support the current takeover bid but could change its stance if the premium is adjusted. Hedge fund giant Paulson & Co. The British Columbia Investment Management Corp., meanwhile, says it will vote against the deal because of the high payment set to go to Goldcorp chairman Ian Telfer. Article Continued Below The B.C. investment group, which manages investments for the province's public sector, says the proposed payout to Telfer is misaligned with the interests of shareholders and sets a troubling precedent in the capital markets. Goldcorp recently said it would pay a US 12 million retirement allowance to Telfer, almost triple the US 4.5 million the company had previously disclosed he was entitled to. (news.financializer.com). As reported in the news.