Two theories on Macquarie chief executive's November retirement - AFR
afr.com
Macquarie's CEO is stepping down in November — four years ahead of what investors expected, and no one agrees on why.
Principal-Agent ProblemSignalling TheorySuccession Planning Theory
Theory Briefing
- Investors had pencilled in a Macquarie CEO transition around 2028, making a November exit a significant surprise.
- Two competing explanations are circulating for the early departure, with neither yet confirmed by the company.
- The unexpected timing has prompted scrutiny of whether the move is performance-driven or strategically planned succession.