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The CEO of the biggest Dutch bank is paid a tenth of his American counterparts, and it’s a national scandal

Eshe Nelson
The CEO of the biggest Dutch bank is paid a tenth of his American counterparts, and it’s a national scandal

To the Dutch, it looked excessive. The board of ING, the biggest bank in the Netherlands, said last week that it planned to increase the pay of CEO Ralph Hamers by 50% this year. The CEO’s pay was “significantly” below the median for other European CEOs, the board said. But after a forceful political backlash,…