Jeroen van der Veer, president of ING's board of commissioners, again defended the bank's now scrapped plan to increase the salary of CEO Ralph Hamers from 2 million to 3 million euros per year. The bank has to increase the executives' salaries if it wants to remain an international player, Van der Veer said in the Tweede Kamer on Wednesday, AD reports.
ING decided to withdraw a proposed salary increase for CEO Ralph Hamers due to mass criticism from society and politicians. "We realize that we underestimated the public response in the Netherlands to this clearly sensitive issue", chairman of the supervisory board Jeroen van der Veer said in a statement on Tuesday, ANP reports.
ING Bank raised the salary of CEO Ralph Hamers by more than half this year, to over 3 million euros, NOS reports. Parliamentarians are furious and demand an explanation. Minister Wopke Hoekstra of Finance is "not amused", according to newspaper AD.
The Russian embassy released a statement criticizing the Netherlands following Minister Halbe Zijlstra of Foreign Affairs admitting that he lied about attending a meeting with Russian president Vladimir Putin in 2006. The embassy accuses the Netherlands of "persistently" propagating an image of Russia having aggressive intentions to the Dutch public. "As we can see, this is the reason behind this whole story with the alleged meeting between Minister Zijlstra and President Putin", the statement, in broadcaster NOS' possession, reads.
Minister Halbe Zijlstra of Foreign Affairs will face a critical Tweede Kamer on Tuesday. The lower house of Dutch parliament will discuss him lying about personally attending a meeting with Russian president Vladimir Putin in 2006. Not only was he not at the meeting, but he also misinterpreted Putin's statements given to him by his source who was there, the source - former Shell CEO Jeroen van der Veer told the Volkskrant.
Rabobank has found two successors for its departing chief financial officer Bert Bruggink, both currently working for competitor ING.