Game of Mates comes-a-cropper at AMP

Lol. Things must be bad for the Game of Mates to come so a-cropper at AMP:

More at AFR:

David Murray, John Fraser and Boe Pahari have all resigned from their positions at AMP following The Australian Financial Review’s investigation into the wealth manager’s culture that revealed sexual harassment complaints against top executives.

I never understood why two of Australia’s most well-regarded executives joined this toxic firm post-Hayne. It was always a hiding to nothing:

AMP got slammed at the #BankingRC. Meanwhile, it:
– Investigated sexual harassment by exec
– Treated the victim in such a way she left the company
– Pegged back 1/4 of 1-year’s bonus for the culprit
– Promoted him to run its biggest business
– Didn’t bank on @MichaelRoddan https://t.co/5k9eHksd8J

— Dan Ziffer (@danziffer) August 23, 2020

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.