It is quite spectacular. I haven’t seen anything like this locally in 20 years!— Simon Brown, Financial Educator at Just One Lap
A severance package of sorts… that was rejected by Peter Moyo… he’s not fighting for his job back; he’s fighting for severance… When it’s down to fighting about money, it’s always messy…— Simon Brown, Financial Educator at Just One Lap
Old Mutual has fired suspended CEO Peter Moyo.
The country’s second largest insurance company dismissed Moyo after a conflict of interest relating to an investment house he founded.
Mr Moyo’s actions since the suspension contravened his fiduciary duties to Old Mutual, his contract of employment and his notice of suspension… Following unsuccessful attempts to engage on the terms of separation, the Board has now resolved to give notice of termination of employment.— Old Mutual
Listen to the interview in the audio below.
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