Business
AMP’s De Ferrari: hiring Alex Wade ‘my responsibility’ – The Australian Financial Review
AMP chief executive Francesco De Ferrari expresses frustration a conference call to discuss earnings results were overshadowed by questions on the company’s handling of sexual harassment.
Mr Wade resigned as AMP Australia chief executive last week over conduct issues, including allegations that he sent explicit text messages to female colleagues. That followed a group-wide staff revolt stemming from revelations in The Australian Financial Review that the company promoted Boe Pahari to chief executive of AMP Capital despite the executive being penalised $500,000 following a settlement of a sexual harassment claim by a female subordinate.
These are very separate matters, Mr De Fer…
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