Groenink’s golden handshake set at €4.3m

Rijkman Groenink, who left his job as chairman of ABN Amro on Thursday, received a golden handshake of €4.3m, the bank announced.

The amount is equal to salary and bonuses for 22 months and was decided by the ABN Amro directors.
The redundancy agreement is on top of the €26m in shares and options allocated to Groenink (58) in recent years. Another five senior ABN Amro managers take away between €11m €17m through their shares and options packages.
ABN Amro, the biggest bank in the Netherlands, was recently taken over by a consortium of Fortis, Royal Bank of Scotland and Banco Santander.

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