Philips executive turns down seat on ABN board due to probe

Cor Boonstra, who is retiring as chief executive of Philips Electronics, has declined to join ABN Amro's supervisory board pending the investigation into alleged insider trading.

Boonstra had been due to join ABN's board on May 10.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink