An online campaign has overturned ING’s executive pay policy, and the mood in Amsterdam is getting increasingly militant about banker bonuses.
Britain has a rival when it comes to bashing bankers. After a furious row over pay packages at Amsterdam-based ING in which thousands of customers threatened to make mass withdrawals, the Netherlands is now vying for the title of Europe‘s most bonus-hating country.
A growing Dutch political storm could end with a blanket ban on bonuses to financiers who work for institutions bailed out by the taxpayer.
Read the full article in the Guardian
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Today, March 31, Dutch AEGON has made a decision not to grant any bonuses, albeit only regarding the short term bonuses. It looks like the ING affair and the pressure from the common opinion is starting to work!