Business
AMP boss De Ferrari’s last chance to please scandal-weary shareholders – Sydney Morning Herald
Which is harder for AMP to explain – a toxic culture or dismal financial performance?
For more than a year shareholders have been waiting for this asset sale to be completed and the rewards to flow to investors.
De Ferrari has promised a capital management update on Thursday so it is fair to assume shareholders can expect to get something.
This will be De Ferraris big (and possibly last) chance to persuade shareholders that he can steer AMP beyond its disastrous past.
But how much?
If the proceeds from the sale were fully returned shareholders could expect about 35¢ a share. …
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