I’m sure the directors of Absa had their reasons for tipping their CEO, Daniel Mminele, out of office a few weeks ago. I’m also sure boards of directors are as capable as anyone of screwing up.

No-one seems to know why someone as deeply talented, well-educated, experienced and well-adjusted as Mminele could get fired by a bank as mediocre as Absa. What we can assume is that the board was confronted by some sort of rebellion by the heads of its various divisions and chose the complainants over the CEO...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now