The Dutch parliament decided, on October 17, 2007, to freeze the stock options and social shares belonging to managers of companies listed on the stock market as soon as they become the target of a buyout. This drastic measure was adopted during a debate on the 20 euros million which Rijkman Groenink, ABN Armo's chair, is going to receive thanks to the sale of his bank. (Ref. 070869)
According to the labour deputy Paul Tang, the one who offered to freeze employers’ stock options, it is “intolerable that a CEO should have a personal financial interest in selling their company”. The labour chancellor of the Exchequer, Wouter Bos, pointed to “a paradoxical situation which sees managers with bad results get the highest rewards” – while specifying that his remark was not directed at Rijkman Groenink in particular. The Chancellor indicated that he would take concrete measures, in
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