Business
The value destruction at AMP is only just beginning – The Australian Financial Review
The Debra Hazelton-led AMP board risks a major exodus of key talent after publicly putting the wealth management giant’s businesses on the block.
But while the AMP board’s move to slap a “for sale” sign on the group’s businesses may have appeased disgruntled shareholders, most observers agree that it will inevitably add further disruption to what was already an extremely dysfunctional and demoralising situation for AMP staff.
“They haven’t thought it through properly at all,” one highly regarded chairman noted.
“Superficially, to announce that everything is up for sale looks like a decisive move the sort of thing that one should do in s…
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