Three cheers for the Mighty Pru’s shareholders
Posted by Paul Seaman under CSR reality check / Trust and reputations on 3 June 2010. No comments.
Prudential CEO Tidjane Thiam has just learnt the hard way that he is accountable first and foremost to his shareholders. His climb down over the £24.6 billion proposed bid for AIA now looks set to cost his company £450 million and might yet cost him his job. We care partly because the Pru has for decades been the watchword of, well, prudence. More »