Netherlands: Wessanen’s shareholders cancel the CEO’s golden parachute

Publication

9 September 2009 à 08h36

Updated on 10 September 2009 à 14h05

Reading time

2 minutes

Publication: 9 September 2009 à 08h36, Updated on 10 September 2009 à 14h05

Reading time: 2 minutes

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Publication

9 September 2009 à 08h36

Updated on 10 September 2009 à 14h05

Reading time

2 minutes

Publication: 9 September 2009 à 08h36, Updated on 10 September 2009 à 14h05

Reading time: 2 minutes

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ders canceled a CEO’s golden handshake amounting to three years’ pay on the grounds of bad results. This model decision still needs the justice’s approval. (Ref. 090830)

In the middle of a debate on bankers’ bonuses
and managers’ premiums, the shareholders of the Wessanen’s agri-business,
listed on Amsterdam’s
stock market, cancelled, on September, the golden parachute of their former
CEO. Ad Veenhof, fired by the board in February, should have received €558,000
(three years’ pay) as stated in

…
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