ABN-Amro has no choice about how it should vote.....not if it wants to be seen to be doing the right thing.
Washing its hands of this issue is NOT acceptable, given that it is the biggest individual shareholder and should be influential within the shareholder group with which it has a pact.
ABN-Amro shareholders should make their feelings heard so that their company does the right thing.
One suspension because of a suspended sentence is bad enough, two is too many for Cesare Geronzi to be reappointed Chairman of Capitalia.
Nothing changes in Italy!
Onésimo Alvarez-Moro
See article:
Cesare Geronzi looks set to be reinstated this week as chairman of Capitalia. This is not only odd, but depressing given that the banker has twice been suspended over criminal proceedings in the past 12 months. He is a symbol of the bad old ways of the Italian banking industry, now trying to brush up its reputation.
See full Article (paid subscription required).
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