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…
-
General15 hours agoFrom Humpty Doo to the bush, these voters’ views reflect the challenge for federal politicians
-
Noosa News16 hours agoThe Pedro Pascal-Led Fantastic Four Face Julia Garner’s Silver Surfer in the New Full ‘First Steps’ Trailer
-
General13 hours agoNew Zealand wants more ‘automated decision-making’ in its welfare system. Could that lead to Robodebt 2.0?
-
Noosa News18 hours agoQueensland set for ‘comfortable’ weather over Easter long weekend