AMP Limited’s
(ASX:AMP) Chief Executive Craig Dunn has lost a long-term bonus after the wealth manager failed to hit key performance targets over the past year.
According to AMP’s latest ASX release, Mr Dunn was set to receive more than 700,000 performance rights which were issued in early 2010 and are reportedly worth about $3.2 million.
AMP’s share price has declined over the last two years .
In the first half of its 2012 financial year AMP generated a net profit of $676 million.
