AMP 0.43% $1.15 amp limited

the sacrifices that are made

  1. 465 Posts.
    ahhhh wats 2 mil..............

    Besieged AMP chief executive Paul Batchelor said on Friday he does not intend to extend the period of his executive share options in a move that could cost him up to $2 million.

    Mr Batchelor said during a presentation to the Securities Institute in Sydney that he had telephoned AMP chairman Stan Wallis and all locally based company directors early on Friday to tell them of his decision. He sent an email on the matter to two other directors who are currently in the UK.

    "Naturally it is difficult to walk away from a contractual right, especially one that shareholders approved two years ago. However, this is about the bigger picture which in my case, of course, is what is best for AMP and its shareholders," Mr Batchelor said in a statement.

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