I am not at all positive on the future of MFG.
However to provide some balance - the best case scenario stemming from today's news would be if the ex CEO was harming the business, and now isn't any more, and if the paying out of these funds actually assists with gaining and retaining funds management talent that would otherwise walk. (Certainly don't want the non-talent to stay, and talent to stray).
On the other side this obviously signifies significant concerns about talent leaving, or being repelled, and related to that a toxic workplace concern perhaps.
I'm still waiting for a decision on compensating retail shareholders for non disclosure of Amber at SJP. That was really arrogant, nasty and expensive for many! I'm not one of those who held - but it seems a no brainer for a smart lawyer while there is still capital in the business.
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