AMP chief gets pay rise of up to $1.8m despite company posting $2.5bn loss

📆 13/02/2020 10:33 ص
📰 The Guardian

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‘If I don’t perform, I don’t get paid,’ says Francesco De Ferrari, of 66% increase in his potential bonus

Scandal-wracked financial services group AMP has given its chief executive a pay rise of up to $1.76m a year at the same time as unveiling a loss of almost $2.5bn.

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Why ?

Doesnt the board have a fiduciary responsibility? The share holders can sue the board for breach of that duty

Typical CEO

Yeah, but that hairline though...

Ain't that the way it goes

for turning a potential $2.5bn+1 loss into $2.5bn?

8:33 AM · 13 февр. 2020 г.·Echobox Social

KPIs didn't include having the company perform well I guess...

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