Bored of Directors

I’m sure ABN Amro shareholders are thrilled with the value they are getting from their Board (from MarketWatch):

ABN Amro’s board declined to endorse either of two takeover offers the Amsterdam banking giant has received.

In an update to shareholders on Sunday, the board said it had concluded that the bid from Barclays better fits ABN Amro’s strategy while the one from a group led by Royal Bank of Scotland was riskier but valued higher.

The board said it assessed the deals from the point of view of the interests of the company, shareholders, employees, creditors and clients; the risks of each deal; and corporate governance: the makeup of the board, distribution of managerial positions and other matters.

I wonder who proposed the ‘we don’t know what to do’ motion. I guess the Door number 3 option wasn’t available.

You couldn’t make this stuff up.

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