How AMPâs Pahari could make $50m on exit
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Institutional shareholders in AMP will not oppose a mammoth impending golden handshake for controversial rainmaker Boe Pahari, who is expected to leave AMP Capital with a payout in the tens of millions of dollars.
AMP is expected to bury any financial disclosure of the exit payout for Mr Pahari in costs for the companyâs impending spin-off of AMP Capital, although analysts are split on the likelihood of a $50 million golden handshake.
Boe Pahari will leave AMP as it spins off AMP Capital. Â
Shareholders and proxy advisors said the âcarryâ in AMP Capitalâs operations - the share of profit earned by a fund manager on the close of an investment - could be as high as $80 million, and Mr Pahari is entitled to a proportion of that.