Netherlands: moralization of business in the context of the crisis

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23 October 2008 à 07h01

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2 minutes

Publication: 23 October 2008 à 07h01

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Low-profile bonuses awarded at Fortis after the nationalization of the bank on October 4, is causing a scandal in the Netherlands. The existence of these bonuses was revealed on October 21 by the De Volkskrant daily and then confirmed by Fortis. (Ref. 080820)
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23 October 2008 à 07h01

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2 minutes

Publication: 23 October 2008 à 07h01

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The bank’s managers explained that they
wanted to go fast so the supervisory staff, of which the skills are deemed
essential, wouldn’t go look for a job elsewhere.

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