I'm not the 'ex' CEO of Old Mutual! – Peter Moyo
I expected the same behaviour from Old Mutual…Peter Moyo
Moyo argued the company was in contempt of a High Court order to reinstate him.
It’s not theatrics. I’m surprised you talk about the ‘ex’ CEO of Old Mutual. The court found against Old Mutual… it was clear I must be reinstated… So, I’m not ‘ex’!Peter Moyo
I don’t even know how you fire someone twice. Maybe one day you or someone can explain that to me?Peter Moyo
The board of Old Mutual decided to axe Moyo, they say, because of an irreversible breakdown in trust due to the handling of a conflict of interest regarding payments to NMT Capital, which Moyo cofounded.
I don’t know exactly what ‘irrevocably broken’ [relationship] means. Up to the 23rd of May, I was working very, very well with all the board members. Oh yes, there were very difficult moments working with Trevor… but I never had a problem with anybody else.Peter Moyo
Listen to the interview in the audio below (and scroll down for more quotes from it).
Old Mutual first spoke to me to get assistance from NMT without alleging anything against me. It was in April this year. I spoke to the board about Trevor’s fees and the need to disclose that in March… I spoke to Trevor about the Rothschild issue in March last year…Peter Moyo
When NMT declared the big dividend of R105 million in July last year... I chaired that meeting [as a non-executive director] … NMT declared an ordinary dividend and a preference dividend… Trevor did not discover my relationship with NMT later. My relationship with NMT is part of my contract…Peter Moyo
All Old Mutual’s interests were looked after by my actions…Peter Moyo
He [Old Mutual director] was in the meeting… He approved the dividend in the meeting. He signed off on all of that. If there was indeed a conflict, he would not have approved…Peter Moyo
At every moment Trevor will tell you I respected him…Peter Moyo
People [on the board] had made decisions without going through the papers…Peter Moyo
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
This article first appeared on 702 : I'm not the 'ex' CEO of Old Mutual! – Peter Moyo
Thousands of SAA workers, including cabin crew, technical and ground staff, began striking on Friday to demand higher pay.Read More
The South African Cabin Crew Association's Christopher Shabangu says the strike is not intended to shut airline down.Read More
Bruce Whitfield interviews senior Karatbars representatives, a financial advisor and someone who was invited to its conference.Read More
Launched in 2016, The Duchess has won numerous awards and successfully broke into the UK, Belgium and the Scandinavian countries.Read More
Did someone steal your phone? Contact your bank without hesitation warns consumer journalist Wendy Knowler.Read More
SAA is on its knees, cap in hand, asking taxpayers for R2 billion this month. Unions must be careful, warns Guy Leitch (SA Flyer).Read More
SAA acting CFO Deon Fredericks says arrangements will be made for customers affected by cancelled flights due to strike.Read More
Just because it is free does not mean there is no cost thoughRead More
EWN's Babalo Ndenze reports on SAA management's appearance before Parliament’s Standing Committee on Public Accounts.Read More
There were 56 boardroom deals valued at $67.6 billion tabled - a 44% increase from last year.Read More