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Old Mutual Again Blocks Its CEO From Getting Back to Work

  • After two court victories, Moyo still can’t return to his post
  • Insurer, CEO locked in bitter fight since suspension in May
Peter Moyo
Peter MoyoPhotographer: Freddy Mavunda/Sowetan/Gallo Images via Getty Images
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Old Mutual Ltd. directors barred Peter Moyo from resuming his duties as chief executive officer, opening a new round in their bitter feud.

The 56-year-old, accompanied by his lawyer, arrived at the company’s headquarters by 8:30 a.m. dressed in a blue suit with a gray and white tie. He was gone before lunchtime, having spent most of the morning in a boardroom awaiting a decision on whether he would be allowed to work -- mirroring events almost six weeks earlier.