MFG magellan financial group limited
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Ann: Video update from Chief Investment Officer and Chairman, page-77

  1. SP007
    1,114 Posts.
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    23/12/21
    18:41
    Post #: 58493645
    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
    MFG Price at posting: $20.96 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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$10.56 		Change
-0.130(1.22%) 		Mkt cap ! $1.816B
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