Michael King (the CEO) was forced to resign by the major stake holders of the company. He ONLY resigned because he was forced to and he beleived it was better for the business for him to do so.
Michael King is still very much interest in seeing MFS go well, he is, infact, the third biggest MFS share Holder.
He would have lost about 300million in the last few weeks. Although i doubt this makes him sweat im still sure he's keen to get that money back
MFS
mfs limited
from todays melbourne herald sun, page-64
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