Business
AMP’s ‘absolutely chaotic’ situation set to continue as AGM looms for angry shareholders – ABC News
Financial firm AMP is in trouble. Its share price is at record lows, and it has churned through a large number of chairs and chief executives in the past three…
AMP is a giant in the history of Australian finance. But it is in dire straits, with a record low share price, management turmoil and money walking out the door.
Key points:
- Financial firm AMP hosts its annual general meeting (AGM) on Friday, with its share price near record lows
- AMP Capital, its most profitable division, was put up for sale but didn’t find a buyer
- A new chief executive will start in September
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