See the news here: to discover that the TCI fund calls for ABN Amro chairman Groenink to step down. Financieele Dagblad furthermore has the news that Halpert Enterprises will also jump on the litigation bandwagon with a class action suit to prevent ABN AMRO from selling LaSalle.
There is an interesting question here by the way. Could there be a point of time where the behaviour and strategy of Mr Groenink would lead either the Supervisory Board of ABN AMRO or the most senior management of ABN AMRO to step in and explain Mr Groenink that they can ethically no longer endorse the actions proposed by him and that they will refuse to further execute his orders?
