They certainly need some one to buy them out.
Clearly De Ferrari and David Murray are completely out of touch with reality, the market, and society in general. How else can we explain their decision to appointment a sleaze bag guilty of sexual harassment as the head of AMP Capital, in an age of diversity, #Metoo, George Floyd, and marriage equality?
Really, after sacking every single woman on the board of directors they now appointment a man guilty of sexual harassment to the third most important position in the company.
Even if you don't agree with the push for diversity, #Metoo, or marriage equality, the optics of this appointment are shockingly bad and indicate that De Ferrari and Murray are completely out of touch.
I was a believer in the AMP turn-around and have maintained my faith for 2 years, despite every set back and screw up. But this really is the last straw.
How can AMP innovate and return to growth when you have a devout Catholic as CEO, a misogynist and homophobe as Chairman (Murray sacked all the women off the board and opposes marriage equality), and a sexual harasser as Head of AMP Capital?
I will be selling my AMP shares as soon as they hit $2 and I break even (or should I say IF they hit $2).
Needless to say, I'm bitterly disappointed that what started out looking like a dream team in 2018 has turned out to be just another stuffy corporate, old school boys club.
No idea, no talent, and no imagination.
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