Fired Old Mutual CEO demands R250m. The amount is in addition to the R36 million Mr Moyo received for “doing the job” and R4 million for his six months notice period, it said. “Old Mutual believes that it was correct to dismiss Mr Moyo.”
Old Mutual said fired chief executive officer Mr Peter Moyo issued the South African insurer with summons seeking damages totalling R250 million. The company will defend “any claim vigorously,” Johannesburg-based Old Mutual said in an emailed response to questions yesterday.
Mr Moyo said his primary intention is to get his job back. “If they don’t give me my job back, I am entitled to claim in accordance with my contract,” he said by phone after Old Mutual confirmed the claim. He has also chosen to make a claim for what he views as a violation of the law by Old Mutual, Mr Moyo said, declining to comment on the amount because the court filings may not have been made public yet.
The spat between the 174-year-old insurer and Mr Moyo spilled into the open in May when he was suspended for an alleged conflict of interest. The company fired him three weeks later, a decision Mr Moyo successfully challenged in the High Court in Johannesburg. Old Mutual has prevented the 56-year-old from returning to work on grounds it is appealing the ruling to temporarily reinstate him.
Source – Nehanda Radio
In other news – Man and Woman stuck together during S.E.X – Pictures
There are some things that are very difficult to understand or rather difficult to explain. Pictures we gathered from social media show a man and woman stuck together while having s.e.x. A simple google search will tell you that the condition is called Pen!s captivus. This is is a rare occurrence during intercourse when the muscles in the vag!na clamp down on the pen!s much more firmly than usual, making it impossible for the pen!s to be withdrawn from the vag!na.
We would gladly take that simple explanation if only the couple were not cheating. According to the social media posts, the man is said to have been sleeping with a married woman… continue reading.