John Mulcahy got Suncorp into a mess that’ll take some time to clean...
March 2, 2009, marked the last day in office for the chief architect of the much-discussed ‘failed’ A$7.9 billion Promina acquisition – John Mulcahy, former MD & CEO, Suncorp-Metway. His exit was rather a forced one, voted out of office by the shareholders, soon after the successful completion of capital raising activity worth a huge A$900 million! Bidding adieu to Mulcahy, another John in the story, John Story, Chairman, Suncorp (that’s his name, we’re serious!) asserts, “John has made an outstanding contribution, building a far more diversified and resilient business than existed when he joined six years ago.” Considering the rising bad debts (pegged at A$335 million), declining profits (net profit for H2, 2008, was A$258 million, down by 32.8% YoY), share price fall (which stood at A$4.50 as on March 2, 2009; 38% down from its last traded price), we don’t really agree with that ‘single dry line of praise’!
March 2, 2009, marked the last day in office for the chief architect of the much-discussed ‘failed’ A$7.9 billion Promina acquisition – John Mulcahy, former MD & CEO, Suncorp-Metway. His exit was rather a forced one, voted out of office by the shareholders, soon after the successful completion of capital raising activity worth a huge A$900 million! Bidding adieu to Mulcahy, another John in the story, John Story, Chairman, Suncorp (that’s his name, we’re serious!) asserts, “John has made an outstanding contribution, building a far more diversified and resilient business than existed when he joined six years ago.” Considering the rising bad debts (pegged at A$335 million), declining profits (net profit for H2, 2008, was A$258 million, down by 32.8% YoY), share price fall (which stood at A$4.50 as on March 2, 2009; 38% down from its last traded price), we don’t really agree with that ‘single dry line of praise’!
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Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM - FLP (Flexi Learning Program)
