Friday, September 18, 2009

Manulife Bitch Slaps Sun Life

Sun Life (SLF) pledges to keep dividend according to Dean O’Connor, Sun Life President. Manulife (MFC) promptly bitch slaps him when their CEO Donald Guloien declares that it’s unwise for high ratio dividends in financial services. Too much Jerry Springer not enough CEO coming from that exchange.

Manulife shocked its investors and broke their trust. Sun Life is saying they will not break that trust. Battling for shareholder loyalty is the stealth battle which will affect perceptions for a decade into the future.