Groenink says criticism unjustified

25th April 2007, Comments 0 comments

25 April 2007, AMSTERDAM – ABN Amro CEO Rijkman Groenink has refuted statements that ABN Amro became takeover prey because profits have not grown enough over the past few years.

25 April 2007

AMSTERDAM – ABN Amro CEO Rijkman Groenink has refuted statements that ABN Amro became takeover prey because profits have not grown enough over the past few years.

In an interview with public broadcaster NOS he said that ABN Amro has performed reasonably well under his leadership. He said the takeover was the result of the open society, in which businesses are no longer protected and the shareholders have a great deal of power. "We have to accept that."

He did not want to respond to criticism from Johan Cruyff, who wrote in the Telegraaf on Monday that Groenink was leaving "with capital", while he made "an enormous mess" of the bank.

[Copyright Expatica News + ANP 2007]

Subject: Dutch news

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