David Gilmour. Clairtone manufactured high-end console stereos, and later televisions, which were recognizable icons of their day. The most celebrated Clairtone designs were the striking "Project G" series, introduced in 1964, composed of sleek rosewood cabinets with cantilevered black aluminum "sound globes" (speakers). The Project G and G2 were seen in the films Marriage on the Rocks and The Graduate, awarded a silver medal for excellence at the Milan Triennial design exhibition, and endorsed by Frank Sinatra and Oscar Peterson. Fans of the Project G included Hugh Hefner. Clairtone's downfall began with "an ill-advised plan to build a plant in Nova Scotia." The plant, built in Stellarton, opened in 1966 with funding from the province's Industrial Estates Limited (IEL). According to William Mingo, chief counsel for IEL, as quoted in his daughter Nina Munk's book about Clairtone, "Munk was too good a salesman for his own good. He could sell anything to anyone, including himself. My, he was a promoter. My, he had energy. My, he had charm. My, he had imagination." In 1967, as a result of mounting losses and in order to try to recoup its multi-million dollar investments, the Government of Nova Scotia took over Clairtone and fired Munk and Gilmour. Munk faced accusations of insider trading "that were eventually settled out of court." A report commissioned by Clairtone in the aftermath of the factory's failure found that one of the main issues was the local workforce. "The general population is basically not geared to the manufacturing frenzy and especially the five-day workweek... The welfare situation is such that it has created conditions similar to Appalachia in the United States where the third generation is already on relief." Hospitality and real estate After the collapse of Clairtone, Munk and Gilmour invested in a plot of ocean-front land in Fiji which they soon developed into a hotel and resort. This venture grew into the Southern Pacific Hotel Corporation, which at its peak consisted of 54 resorts in Australia and the South Pacific. In 1978, the firm signed a deal with the President of Egypt to build a resort near the Great Pyramids. When Anwar Sadat cancelled the project, Munk sued the Egyptian government, eventually winning the arbitration case at the International Centre for Settlement of Investment Disputes. In 1979, Munk returned to Canada to start a new venture called Barrick, which he would eventually build into the world's