ANN CROTTY: A front-row seat to boardroom soapies
Boardrooms are in turmoil and the public has front-row seats
It is becoming a little difficult to keep up. For a financial journalist it’s like being a kid in a sweet shop. After a while you long for a diet of carrots and apples. You think fondly of the good old days of no-disclosure, when you weren’t even told the full results of an AGM, just that every resolution was passed.
This was a time when Anglo American, Sanlam, Old Mutual and Liberty essentially carved up the economy as they saw fit and stockbrokers could be on both sides of a deal. When traders in some of the big institutions were encouraged to maintain their own personal accounts so they could perfect their trading skills.