Business
AMP tells would-be vultures to put up or shut up – Sydney Morning Herald
Corporate predators have a heightened sense of smell when it comes to finding a wounded business, so it’s no surprise they’re sniffing around AMP.
While De Ferrari survived the torrid and scarring experience of the past couple of months, his mandate has been weakened.
The person that provided him with it, Murray, has gone, and the new chairman, Debra Hazelton, appears less invested in De Ferraris leadership.
As for the little-known Hazelton putting the assets up for auction is certainly decisive. The flip side is that it would have been foolhardy not to.
If a number of would-be buyers had been approaching the board even if none had made…
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