Netherlands in TIME magazine

Articles on Holland (Nederland) in 85 years of TIME (1923 – 2008)

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Europe’s Grasso Effect

160

The chairman of scandal-tainted NL.-based Royal Ahold stepped down following national outrage over his failure to inform investors of the new contract he gave new CEO Moberg.

Outrage about executive salaries is missing a couple of decimals in Europe. In September New York Stock Exchange boss Dick Grasso resigned amid a backlash over his $188 million deferred-compensation package. Around the same time, the chairman of the world’s third largest food retailer, scandal-tainted Netherlands-based Royal Ahold (whose…

Crisis at KLM

424

With an abruptness that stunned the aviation industry, KLM’s president Van der Beugel resigned his job. KLM lost $21 million in 1961 and another $14 million in 1962’s first nine months.

Eighteen months ago, when he moved in as president of KLM Royal Dutch Airlines, diminutive (5 ft. 3 in.) Ernst Hans van der Beugel, 44, looked like a bright hope. A brilliant ex-civil servant who had held the top career post in the Dutch Foreign Office, he appeared to have…

“Grave Times”

222

Colijn’s cabinet resigned. Catholic Aalberse told Protestant Wilhelmina the next day that he could not get a majority in Parliament. Gratified, the Queen again named Colijn her Premier.

Wilhelmina, who has reigned longer than any other living king or queen (45 years), let it be known that she said, “These are grave times,” when receiving last week her great and favorite Premier, beak-nosed Hendrikus Colijn, bald battler these many years to keep the guilder on gold.

Dr. Colijn had…

“Big Navy”

257

Dutch Minister of Finance, De Geer, resigned from the Cabinet because he did not agree with his colleagues over the Big Navy Program sponsored by Admiral van Karnebeek.

Jonkheer D. J. De Geer, Dutch Minister of Finance, resigned from the Cabinet because he did not agree with his colleagues over the Big Navy Program sponsored by Admiral van Karnebeek (TIME, May 19). This fact led to a wide popular outburst on the part of the Dutch people against the…

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