Reuters reported yesterday that Cor Boonstra, the former CEO of Dutch company Philips Electronics, has been ordered to appear in court to answer questions about certain stock transactions he has made -- including one that involved Ahold shares.
- KC's View:
Ahold always has had a good relationship with Philips; sometimes it has seemed like they were trading execs back and forth on a regular basis.
This has all the earmarks of a time bomb. Maybe it isn’t, and maybe it is just routine.
But we think we may hear a ‘tick…tick…tick” in the background.