ABN Amro staff back independence
Monday 27 August 2007
A slim majority (55%) of ABN Amro staff want the bank to continue as an independent company, according to a union poll.
Some 6,000 workers worldwide took part in the vote, organised by De Unie.
Around 39% of those polled backed a takeover by Barclays, with just 6% favouring a takeover by the consortium. The consortium, which has made a higher offer for the Dutch bank, wants to split up the group.
© DutchNews.nl
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Clearly... this is NOT a matter over which the "staff" have any influence on this decision unless they are shareholders in which case they can vote and be heard. The simple economics of the matter will carry the decision and rightly so.
The harsh reality is that through gross negligence and malfeasence the CEO of the Bank has under-performed which was reflected in poor operating performance and share prices making ABN AMRO Bank a target for takeover.
It "had to happen" and the mystery is why it took so long. If you want to blame someone for the failure of The Netherlands largest Bank; look no further than Rijkman Groenink.
By Grapeshot | August 28, 2007 12:24 AM