Prudential chiefs to face shareholder fury after refusing to quit over AIA deal

Subject

Business

Description

Shareholders in Prudential have criticised the insurer’s chairman and chief executive for showing “high-handed arrogance” in their refusal to step down after the collapse of the planned takeover of the Asian life insurance division of AIG. The embattled top management of Prudential today came out fighting against those who believe they should lose their jobs over the failed $35.5bn (£24bn) acquisition of AIA, in an apparent attempt to set the agenda for what is likely to be a fractious annual meeting on Monday.

Creator

Julia Kollewe and Graeme Wearden

Source

https://www.theguardian.com/business/2010/jun/04/prudential-chairman-says-no-resignations?CMP=gu_com

Publisher

theguardian.com

File

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