Business
AMP’s own-goal mastery reaches epic levels with its failed plan to sell itself – Sydney Morning Herald
Had this company not blown up so much capital over the past few years, its mounting pile of conduct and cultural mistakes could almost be comical.
Why AMP decided last year to announce it was entertaining bidders is unfathomable. It is tantamount to admitting that its own turnaround strategy wasnt working.
Only two years earlier, AMP made an enormous fanfare about snagging a new chief executive, Francesco De Ferrari. His job was to revive the ailing financial conglomerates performance, which had been harpooned when it was found (among other things) to have engaged in misconduct including lying to the regulator and charging customers fees for…
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