Steven Nathan's hasty 10x exit: Who believes the Old Mutual spin?
This week index-tracking pioneer 10X Investments announce the sudden departure of its founder, Steven Nathan. Old Mutual-appointed chairman Henk Beets hastily moved into the CEO’s office with the company spinning the exit as friendly. It said: “Steven was presented with an opportunity to sell his shares…..he decided the timing was right. It was an amicable parting of the ways.” But, as BizNews founder Alec Hogg told BizNews Premium subscribers, the official line is absolute rot. Take a listen to this flashback interview with the principled, enterprising Steven Nathan - who was never afraid to stick his head above the parapet to call out the wrongs in the financial services sector. - Jackie Cameron