Business
New AMP boss has broken the glass ceiling, but now faces the glass cliff – Sydney Morning Herald
The glass cliff phenomenon is used to illustrate the tendency for women to be placed in executive positions in struggling companies where the risks of failure are…
Ares later revealed it was only interested in investing in the private markets businesses inside AMP Capital – initially in a 60/40 joint venture with AMP.
That plan has changed again with Ares now expressing a desire to buy 100 per cent of the private markets business.
And even that deal has no certainty on terms or completion. Ares appears to have been stringing the board along now for seven months.
There is no guarantee the process of selling AMP Capital or any part of it will be complete by…
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