AMP shareholders are the latest group associated with the troubled company under fire, for not pushing hard enough to clean up its corporate culture.
Mr Pahari has since been demoted back to his old job, still earning millions of dollars a year.
Labor senator Deborah O'Neill, who two weeks ago revealed in Parliament further sexual harassment allegations directed at other senior staff at AMP, is in no doubt Mr Pahari should have been fired."And what we've seen with the continuing engagement of Mr Pahari in that role is dollars trumping the reality of the human experience."
That has focussed attention on those same shareholders who forced out previous company chairman David Murray, and Mr Pahari's boss John Fraser.Nearly all the experts and insiders the ABC has spoken to have suggested that Mr Pahari kept his job mainly because he remains a big revenue driver for AMP Capital.
According to Warren Staples, "exhibit A" for shareholder hypocrisy was banks ripping off clients, which led to the Hayne Banking Royal Commission in 2018. "There were lots of instances where the misconduct in banks had been made public and none of the shareholders had really been that unhappy because the banks were making them high levels of profit," Dr Staples observed.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DFAT staff accused of double booking flights as Aussies remain stranded overseasWhile thousands of Aussies remain stranded overseas, Foreign Affairs staffers are accused of using taxpayer funds to double book flights.
Read more »
What Queensland's pre-budget statement tells us about next month’s electionLabor's pre-election fiscal and economic review doubles down on border closures while the LNP doubles down on debt in response, writes Peter McCutcheon.
Read more »
Icare awards contracts to firm with Liberal Party tiesAn ASX-listed marketing group with extensive links to the NSW Liberal Party was awarded millions of dollars in contracts by state-run workers' compensation insurer icare without all being put to an open tender | adele_ferguson
Read more »
Founder of secret fight club dies after Sydney double shootingAlbert Difloriano, who was shot in the head in broad daylight in Lewisham on Friday, dies after spending the weekend in a critical condition at Royal Prince Alfred Hospital.
Read more »
Kyle Sandilands 'overstepped the mark' with Virgin Mary comments, says watchdogThe breakfast presenter breached standards of decency with last year's on-air comments and has been counselled by management.
Read more »
Queensland passes law to jail priests who don't report child sexual abuse confessionsA bill to compel priests to break the confessional seal to report child sexual abuse cases gets bipartisan support in Queensland Parliament in line with recommendations from the royal commission.
Read more »