JOHN DLUDLU: Old Mutual headed for Pyrrhic victory over Peter Moyo
Never mind the legal costs, the messy divorce has cost the insurance giant its reputation
SA business likes to complain about labour market rigidities, especially how difficult it is to fire employees. But having witnessed the ongoing battle between Old Mutual and its CEO, Peter Moyo, this view might have to change.
For the last three months, the life insurer has been trying — and failing — to sack Moyo after a said breakdown of trust over how he handled a well-known conflict of interest in relation to his private business, NMT Capital, which was enabled by Old Mutual.