ABN/Groenink: Take a hike, man

Listed companies may not be democracies, but it’s generally accepted that a chief executive should go when he has lost the confidence of his shareholders. On that basis, ABN Amro’s supervisory board ought to have sent Rijkman Groenink packing. He has made a total pig’s ear of selling the Dutch bank. By signing a legally-invalid agreement to sell its US arm, LaSalle, to Bank of America without a shareholder vote, he may have deprived its shareholders of a bid from a Royal Bank of Scotland-led co...