Business
AMP board was given seven days to purge Murray and Fraser. It only needed three – Sydney Morning Herald
The stopwatch started ticking for the AMP board last Thursday when the company’s largest shareholder gave David Murray and Francesco De Ferrari an ultimatum.
Pahari had paid a financial penalty which consisted of losing 25 per cent of his bonus, a settlement to his alleged victim Julia Szlakowski and the payment of her and AMPs legal fees. The payments totalled more than $1.5 million, people familiar with the deal told The Sydney Morning Herald and The Age.
By the time a few directors drove to AMPs head office in Sydney on a chilly Sunday morning and the remainder joined via a Zoom meeting, the resignation of Fraser and Murray was a formality.
Sinc…
-
Noosa News18 hours agoNRL finals live updates: Melbourne Storm vs Canterbury Bulldogs — blog, scores and stats
-
Noosa News24 hours agoQueensland barramundi producer found guilty of environmental breaches
-
General23 hours agoStewards placed hundreds of bets on Tasmanian races, integrity investigation finds
-
General17 hours agoPrince Harry arrives in Kyiv to meet with wounded Ukrainian war veterans