EDITORIAL: There are three sides to Old Mutual saga
Truth needs to be revealed as only the versions of former CEO Peter Moyo and Old Mutual are known regarding the payment saga
As any wise lawyer will tell you, even when there are only two parties involved, there are always at least three sides to a story. And so it is with the Peter Moyo versus Old Mutual saga where only two sides have been revealed so far. Each of the parties has provided a credible version of the events that led to Old Mutual’s dramatic suspension and subsequent firing of its CEO. But a third story is needed to understand why.
While corporate SA probably doesn’t want yet another governance-related dispute playing out in the full glare of the media spotlight, it might be helpful to watch this particular battle unfold before a judge. That would provide insight into the workings of high-level executive decisions that are usually taken behind closed doors. It would cast light on how these calls are made and in whose interest...
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