Business
Latitude’s Ahmed Fahour aims to disrupt big four as float looms – Sydney Morning Herald
Latitude Financial chief executive Ahmed Fahour has set his sights on disrupting the big four bank’s dominant position in consumer finance.
The incentives for Mr Fahour, who holds equity in the company worth about $7 million, have also been changed since the 2019 float attempt. In 2019 Mr Fahour could have earned a discretionary equity grant if certain criteria were met following the listing, but this time he has purchased options that will break-even if the companys value rises to $3.4 billion.
The difference is this time around, Ive just gone and bought a call option to demonstrate to everybody who cares to listen, Im really excited…
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