Minister Dijsselbloem of Finance had in his own words “clearly in the House have to say” that the top of ABN Amro received a ton raise. The fuss around that pay raise led the IPO of the bank was delayed.
The Minister denies that he could have stopped the pay raise, even though he is a Minister of Finance is the sole shareholder. “When people have a contract with them certain rights, a minister can not as a shareholder a few years later say retroactively I deprive you of these rights.”
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The bank’s top had in 2012 and 2013 of the controversial salary increase, which applied to compensate for the tighter bonus policy apart. But that did not happen in 2014, as evidenced by the annual report of ABN Amro. “The Chamber knew that the bank there in 2012 and 2013 had waived when it had reached the publicity,” said Dijsselbloem.
Dijsselbloem calls the decision to do implement the salary increase in 2014 controversial. “And we knew. We knew the risks would have on the bench and that’s proven.” The minister says he has been in contact several times with the bank because he did not agree with the remuneration policy, but that it did not fit him to terminate the trust in the top of the bank because of an appointment previously by the Court and the Minister approved
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The IPO of ABN Amro has been postponed, but according to Prime Minister Rutte can later this year still continue. Incidentally, the top of ABN Amro, after all the fuss yet decided to reverse the salary increase of one tonne.
Yahoo! News
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