August 5, 2010

Greedy Grabbers 4

Take a look at this mugshot. Well, it isn't really a mugshot but it could very well be. Meet director J. van Praet who got fired last February over a conflict with the company council. He headed an institution for the handicapped but got into conflict over an interest free loan, amounting up to €550.000. The board didn't like that. Just recently it became public knowledge (from the companies annual report) that the former director got off pretty well. He received a "golden handshake" worth 200K, a severance worth another 200K and another bonus worth 40K. I'm sure Mr. Praet is a happy man. Do you think he can explain why healthcare is getting more expensive each year?

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