MFG 0.70% $9.95 magellan financial group limited

Ann: Video update from Chief Investment Officer and Chairman, page-77

  1. 1,113 Posts.
    lightbulb Created with Sketch. 150
    you dont get it. this isnt free money.
    lets say senior banker has $2m of stock.
    if he leaves he loses his $2m so you offer him $2m MFG shares to convince him to leave.
    if he hadnt left his $2m is now worth about $2.6m.
    if he leaves and MFG stock tumbles is now worth $0.75m.
    the banker has evaporated $1.85m of his worth.
    he would have been richer had he not left.
    whos fault? thanks very much HD.
    Last edited by SP007: 23/12/21
 
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