No excuse for gender inequality, sexism on IWD 2021, say corporate leaders
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MarMarch 2021 at 10:35pm
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Women across corporate Australia are calling for an end to the ridiculous excuses they hear as to why they should not be promoted or paid the same as men.
To mark International Women s Day 2021, ABC News asked leading women many of whom have been struggling for gender equality since they entered the workforce in the 1980s to recount some of the most ridiculous reasons they have been given.
Investors gave a tentative cheer when the wealth manager announced a spin-off its private markets business, but there are still some big questions to be answered.
AMP break-up rolls on with Capital sale to Ares
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AMP has resumed its long-anticipated break-up by inking a $1.35 billion sale of 60 per cent of AMP Capitalâs unlisted markets businesses to Ares Management, just weeks after the US asset manager dumped a full takeover proposal for the company.
AMP will retain 40 per cent of AMP Capital private markets under the proposed joint venture with Ares, and the US-based suitor will pay $1.35 billion for access to the division in a move AMP hopes will leverage Aresâ global distribution networks and infrastructure and real estate expertise. AMPâs remaining share of the private markets business is valued at $900 million.
AMP CEO tight-lipped after offer withdrawn 11 February 2021
After reversing out of buying AMP as a whole group, US bidder Ares Management Corporation is now eyeing the investment business, but little more about what lies ahead has been revealed.
With the release of its 2020 full-year results, AMP reported that on Tuesday night, Ares had backed out of its previous offer to acquire all of AMP at $1.50 a share.
The two are still in talks, but now centred on AMP’s most profitable business, its asset manager, AMP Capital. AMP has said it is reviewing options for the future of the business, which include potential partnerships.