ROB ROSE: The Peter Moyo hot potato
Apart from the conflict of interest issue, Old Mutual has another hot potato involving Peter Moyo – his pay, and that of other executives
There’s nothing quite like suspending your CEO in mysterious circumstances to divert attention from what else is happening in the business. Lucky for Old Mutual that it had Peter Moyo’s bust-up with the board to hog question time at last week’s AGM.
It helped the life insurance company avoid more intense scrutiny of the fact that a remarkable 69.3% of shareholders voted against its remuneration policy.