Murray's immediate resignation is a much needed circuit breaker that will put an end to moves by several of AMP's institutional shareholders to call an extraordinary general meeting.
David Murray's decisive move to take accountability for the Boe Pahari debacle at AMP should give chief executive Francesco De Ferrari the clear air to get on with running the company.
But market perception of his judgment has been tainted by the decision to appoint Pahari as chief executive of AMP Capital. He did so despite knowing the full details of the sexual harassment complaint brought against him.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
