The managers of the Netherlands stock exchange-listed companies earned €209m last year from their share options, the Volkskrant reports today. The paper says company bosses cashed in shares and options valued at €96m in 2005.

The paper bases its calculations on the share ownership register kept by financial services watchdog AFM.
In 2006, 87 directors and supervisory board members cashed in options, earning an average of €543,000 each, €30,000 more than a year ago.
The list does not include TomTom COO Alexander Ribbink who earned a record €64.5m on his options last year.