February 2003 News | InsuranceComparison.com.au

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Insurance Comparison News

Nice Job, Shame About Losing $14bn

Wednesday February 26, 2003

It has never paid more to be a failure. The AMP revealed yesterday its retiring non-executive chairman, Stan Wallis, will receive a $1.5 million payout in return for presiding over a $14 billion fall in the insurance giant's market value.

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