ABN Amro managers give up salary hikes that delayed IPO

ABN Amro [ABRGPA.UL] managers will give up pay rises after a dispute over executive salaries delayed the privatization of the bank, the bank said on Sunday. In a statement, the managers said they were "putting the interests of the bank and the public first". "Now that our remuneration is the subject of discussion and threatens to affect the future of ABN Amro...(we) have decided to renounce the allowance", the managers wrote. "We hope this will bring the bank in calmer waters".

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