Andrew ‘Twiggy’ Forrest, founder of his Fortescue Metals Group, is losing women in his life faster than might be good for his company’s future. History shows that when family problems coincide with company problems, the share price can soon follow.

This chart shows what has happened to Magellan Financial Group’s share price after its co-founder, Hamish Douglas, announced he was leaving his wife.

Sure, it happened when other factors, such as the tech-stock sell-off on Wall Street and Beijing’s crackdown on its top tech companies, hurt Magellan’s investments, but the market didn’t like the disturbances to Hamish Douglas’s life. And the share price showed it!

Magellan Financial Group (MFG)

After the news broke in December 2021, its share price halved.

Now Twiggy has had a run of woman problems. In July, he and his wife Nicola split after 31 years of marriage, but according to Mr Forrest the couple remain on good terms.

Next his new CEO, Fiona Hick, who’d only been in the job for six months and followed a 20^th company anniversary celebration last weekend, left the company earlier this week. The AFR’s Peter Ker reported that “Dr Forrest said Ms Hick did not agree with the company’s agenda, specifically to achieve zero emissions in its mining operations and its big bets on green hydrogen.”

In contrast, this is what the SMH reported about what the former CEO said when she took the job six months ago: “I am honoured to join an outstanding organisation, founded on values, and passionate about eliminating emissions to deliver natural resources to the world in a responsible way,” she said. “I look forward to working with a talented team and helping them achieve their vision.”

Then later this week, Fortescue lost its chief financial officer, Christine Morris, after only taking the job two months ago. The AFR says the company has lost 11 senior executives in the past three years, but in recent times Twiggy seems to be heating up his fight against climate change and his big bets to save the planet and it's attracting concerns about what he’s saying publicly.

His doomsday predictions to support his big investment into green hydrogen and other renewable ventures are worrying some brokers and company analysts.

All this comes as FMG’s profit fell more than was expected but so far, the share price has resisted the bad vibes coming out of the life and times of Twiggy Forrest.

That said, the professional company analysts who watch the company for a living have a consensus view that its share price will fall nearly 25%. The table below comes from FNArena, which surveys these experts. It shows that seven out of seven analysts don’t like the company at its current share price of $21.43 and think it should be more like $16.14.

Meanwhile Fortescue’s rival, BHP, has only a 2% predicted fall in its share price ahead and Rio Tinto has a 1% gain expected.

For Twiggy going very green and losing a lot of important people in his life hasn’t been good for his company’s share price and its investors!