Dutch Bank ABN AMRO's Top Salaries Hike Plan Sends Wrong Signal

ABN AMRO, the bailed-out once-proud Dutch bank that fell prey to a carve-up after a period of ambitious expansion, plans to raise the salaries of its top 100 managers by 20 percent just in time before an announced salary cap put in place by Finance Minister Jeroen Dijsselbloem. In an interview with the Financieele Dagblad newspaper on Wednesday, ABN AMRO chairman Gerrit Zalm – himself a former Dutch finance minister -- said the plan aimed to “retain talent”. Even though the bank earlier th...