Saturday, June 02, 2007

Another letter to ABN AMRO employees from Mr Groenink

With the Commissioners now in the driving seat Management Team reports that Mr Groenink has sent yet another letter to his employees. In this he asks understanding for the ongoing uncertainty with respect to the companies future. He explains that the LaSalle future/sale is crucial to the discussion, as well as the High Court rulings. Which means that the story will have some ending in a period between end of June and August...

More cynically one could argue that Groeninks role has been reduced to PR, writing letters to employees, while the real stuff happens elsewhere....