The acquisition of tnt by the Belgian Bpost is last spring also failed due to a contractual bonus for PostNL ceo, Herna Verhagen. Reports that the Belgian business newspaper of The Time, which is a reconstruction made of the negotiations. According to the newspaper feared the supervisory board of PostNL reputation damage as the bonus to the outside would come.
Bpost did in may for the first time a bid for the Dutch postal service. When the negotiations failed, said PostNL that that was because the companies could not agree on all the terms and conditions.
Millions
According to The Time played the bonus scheme of Verhagen and her right hand Jan Bos an important role in the ricochet of the agreement. If PostNL in other hands would pass, would their that, respectively, 3 million and 2.3 million euros per person provide.
The supervisory board of PostNL feared that the bonuses ‘unmarketable’ in the staff and the outside world. The Dutch company confirms the concerns of the board against the newspaper. “There’s been discussions.” But the remuneration committee “the persons concerned are not prompted to do so.”
According to The Time were both parties almost agree on the acquisition, but made the Dutch “at the very last moment a turn of 180 degrees”.
Overheidsinvloed
The article is only about the offer of last spring. Last month did Bpost three new attempts, but each bid was by PostNL rejected. One of the arguments was that the influence of the Belgian government on the company would be too large. Meanwhile, Bpost in the towel is thrown.
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