abn/italy: Geronzophilia

International investors have clobbered ABN Amro for voting to reinstate Cesare Geronzi to the chair at Capitalia. And rightly so. It’s clearly wrong to bring back a man who has been suspended twice from his post in a year - the second time for picking up a legal conviction. But here’s the truly mystifying thing: how could the Dutch think it was in their interest? Almost Geronzi’s last act before being suspended a few months ago was to announce publicly that he would never consent to sell Capita...