Royal Ahold: Shopped Till He Dropped

Stewart Hamilton and Alicia Micklethwait

Chapter Chapter 8 in Greed And Corporate Failure, 2006, pp 135-152 from Palgrave Macmillan

Abstract: Abstract It was 24 February 2003 and the Dutch nation was in shock. Royal (Koninklijke) Ahold, a household name and one of the pillars of the Dutch establishment, had just announced the discovery of a $500 million accounting fraud. The auditors were refusing to sign the accounts and Ahold had had to negotiate emergency financing with its banks to avoid immediate bankruptcy.

Keywords: Corporate Governance; Chief Executive Officer; Supervisory Board; Food Retailer; Supermarket Chain (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50275-8_8

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DOI: 10.1007/978-0-230-50275-8_8

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