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…
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