Royal Dutch Shell Plc  .com Rotating Header Image

Times Online: Comment: Shell shock

May 14, 2007
Miles Costello

Another slap in the face for Rijkman Groenink, currently hanging on by his fingernails at ABN Amro as major Dutch shareholders call for this head.

Being forced to dispense with a lucrative board seat at Shell, just 24 hours before some investors were due to vote against it, should please those who have been highly critical of his handling of the day job — the proposed takeover and break up of one the Netherlands’ two top banks.

The first slap came from the courts, which ordered the controversial sale of LaSalle to Bank of America be put to a shareholder vote. Losing on that issue next month could well be the third strike. And even by gentlemanly Dutch standards, means you’re out.

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article1787831.ece

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.