The Dutch government is planning to implement stricter rules for financial institutions' remuneration policies, including stricter rules on share benefits and bonuses. Representatives of the FinTech sector, which falls under 'financial institutions', are outraged by these new rules, saying that they will result in higher financial risks for the companies, unfair competition, and higher administrative costs, Financieele Dagblad reports.
ING employees can look forward to "significantly" lower bonuses this year, even though the bank is doing well with more clients and turnover. The bonuses will be lower due to a settlement of 775 million euros the bank had to pay last year for failing to monitor money laundering, NOS reports.
Hague business bank NIBC offered its three top executives each a bonus of over a million euros if they stay at the bank for four years after it's IPO. The bonus is intended to guarantee the stability and continuity of the bank. Union FNV is furious, NOS reports.
The top executives of companies listed on the Amsterdam stock exchange AEX earned an average of 5 million euros last year, about 1 percent more than the year before, according to an analysis done by the Volkskrant.
Former NS CEO Timo Huges will receive a settlement of 175 thousand euros from his former employer. This amount consists of 6 months' salary, in accordance with his notice period. He will not be receiving any severance pay or bonuses
The IJmuiden production arm of multinational firm Tata Steel made a profit of 344 million euros last year, according to the internal memo sourced by FD. The entire conglomerate, on the other hand, reported a loss.
The bonus of Schiphol boss Jos Nijhuis is too high, according to Finance Minister Jeroen Dijsselbloem. The minister suggested that the bonus of the Schiphol CEO should be lowered, reports RTL Niews.
The head of KLM, Peter Elbers, should return the bonus he received last year, labour union FNV said this week. The union calls the bonus “incomprehensible” in light of cost savings made by the airline, reported De Telegraaf.
The police unions have handed Justice Minister Ard van der Steur an ultimatum to come up with a better collective proposal than the last offer from former Justice Minister Ivo Opstelten, the police union Nederlandse Politiebond wrote in a statement. The new Justice Minister has until April 13th to respond, after which "tougher actions" can be expected from police personnel.
Ben van Beurden, the CEO of Shell since January 2014, received a bonus of 24.2 million euros for his work last year, RTV Noord Holland reports based on the annual report published by Shell.
If The Netherlands manages to secure the world championship in this FIFA World Cup, then their bonus may be a free trip into space. Dutch space travel company SXC has asked Netherlands coach Louis van Gaal to offer this to his players.