So he’s still in a job then? Clinging on. Prudential’s disastrous abortive bid for AIA, the Asian insurance giant, prompted calls from shareholders for Mr Thiam to step down. He refused and continues to do so.
Is he getting an easier time now? Well, it helps that Pru keeps on publishing such strong sales performances – yesterday’s third-quarter numbers were storming.
But didn’t Mr Thiam waste millions on the AIA bid? Yes, not least because of the whacking break fee Pru had to pay to pull out of the deal. But everyone deserves a second chance.