Leading investors in Prudential reacted angrily to assertions by the insurer’s chairman that there would be no resignations at board level following its aborted $35.5 billion bid for the Asian assets of AIG, the troubled US insurer. Schroders, one of the group’s top 10 shareholders, said it was outraged by a statement from Harvey McGrath, Pru chairman, that “the vast majority of our biggest investors don’t want to see change at the top”. – (Copyright The Financial Times Limited 2010)