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ING CEO's 50 percent pay hike angers Dutch politicians

Reuters  |  AMSTERDAM 

By Bart MeijerAMSTERDAM (Reuters) - Dutch lender ING outraged politicians on all sides of the political spectrum on Thursday with a proposal to increase the pay of Chief Executive Ralph Hamers by 50 percent.Finance minister Wopke Hoekstra said the increase was "excessive", while members of parliament called for a public hearing to hold ING Chairman Jeroen van der Veer to account.Parties representing 99 percent of the seats in parliament supported a motion condemning the pay rise, as they said it did not help to rebuild confidence in the financial sector.51-year old Hamers, who has led ING ...

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First Published: Thu, March 08 2018. 22:04 IST