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ING Groep N.V. Message Board

  • jpomper jpomper Feb 9, 2012 4:29 AM Flag

    Now, Jan Hommen, RESIGN

    After the catastrophic Operating performance in 4Q2011,
    in particular the disaster of US Insurance Annuity calamity,
    IT IS TIME to face the consequences.

    The CEO in not there to explain operating disasters. And try to hide his catastrophic performance by selling assets.
    CEO is to adress problems in time, prevent disasters, Execute prudent decisions.

    Mr. Jan Hommen, you failed in your job.
    Take the consequences, resign immediately.

    For BOD: If Hommen does not resign voluntarily, call BOD meeting, and fire him.

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    • Hommen did a good job .
      Anual profit ING was Euro 5B or $6.6B.
      Bookvalue is UP very strong.
      We will seeing $20 per share.

    • The catastrophic report on ING's Q4 results has nothing to do with EU crisis, Greek drama, slow Eu growth, or all the phony explanations and lies they have given today.

      It is the consequence of grossly careless management of the US Annuity business.

      Focus on the wording in the statement:
      "·Insurance underlying loss before tax was EUR 1,348 million in 4Q11, mainly reflecting the previously announced charge for the US Closed Block VA assumption changes, as well as losses on hedges in place to protect regulatory capital."


      They even do not deny this fact.

      All other losses are, according their wording:
      ", including EUR 79 million of realised losses from selective de-risking at ING Direct and EUR 133 million of re-impairments on Greek government bonds"

      are peanuts, compared to that.

      Do you guys paid by us shareholders, sitting in ING's BOD, listen?

      It is compelling to fire the incompetent top managemnt.
      Start with Jan Hommen today.
      They all would be surprised if you do not fire them all.

      Otherwise, you BOD guys, are all responsible for this disaster too.

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