The electricity price drives the internet sector into the arms of big tech – Sanderink (Strukton) suspected of bribery

1. The price of electricity drives the internet sector into the arms of big tech

Big tech is gaining more power in Europe because companies are switching to it from Dutch data centers because they are significantly raising their electricity prices. This is stated by FD. Companies like Amazon, Microsoft and Alphabet can stay competitive because their greater scale means they are more efficient and therefore use less power to provide the same service. These companies also enter into large purchasing contracts, with which they secure the power supply for a longer period of time. The European Commission fears that European parties will no longer play a role in this rapidly growing sector.

2. Strukton’s managing director Sanderink suspected of bribery in Saudi Arabia

The Public Prosecutor’s Office (OM) wants to prosecute Strukton owner Gerard Sanderink and two former board members for ‘actual management of official bribery’ of a Saudi prince. This is confirmed by the businessman’s and the group’s lawyer after reporting from FD. In return for a bribe, Sanderink’s company would have received the construction of the metro network worth 1 billion euros in the capital Riyadh. The prosecution expects to bring the case to court in 2023 or 2024.

3. Jumbo CEO pulls out temporarily, Hummer and trailer link Van Eerd to the prime suspect

Frits van Eerd is temporarily stepping down as CEO of Jumbo. He has decided this ‘after careful consultation with his family and the board’, the supermarket chain states. “This is in Jumbo’s interest and also enables Frits to concentrate fully on his personal situation”

Meanwhile, there is also something more clear about the connection between Van Eerd and the main suspect in the investigation. For example, AD reports that a Hummer and a trailer have been seized behind the Golf Shop on the Jumbo lot in Veghel. The Hummer and trailer come from the car company of the 58-year-old former motocross racer. The prosecution wants to ‘confirm or deny’ the news.

4. Companies tackle unwanted behaviour

The social discussion about unwanted behavior in the workplace brings about a cautious change in the approach to unwanted behaviour. This is evident from studies carried out by the Zorg van de Zaak network, which was carried out by the analysis agency Kien. It is striking that managers and employees see the change differently. For example, almost every third manager and director says that undesirable behavior came on the agenda in their company after the news about, for example, The Voice of Holland. While other employees are less optimistic: One in five sees a positive change.

A BNR tour shows that corporate detective agencies investigating cross-border behavior in the workplace can barely get the job done. Since the revelations at, among others, The Voice and Ajax, reports have had to wait longer, companies are referred to other agencies and sometimes returned with ‘homework’.

5. Business people and government make short private flights for a time saving of 20 minutes

Start in the Netherlands with a private plane and then land in our country as well. Private jets operated by businessmen and the government make such extremely short flights hundreds of times a year. This appears from a survey carried out by RTL Nieuws. Most of the short flights are made by private jets of business people.

For example, the plane of the temporarily suspended CEO of Jumbo, Frits van Eerd, has made at least 24 flights since January, with both takeoff and landing at a Dutch or Belgian airport. Also the flight of the entrepreneur couple Nikkie Plessen and Ruben Bontekoe and the founder of Rituals, Raymond Cloosterman (founder of Rituals are on the list. The planes are also rented through charter companies, so it is not the case that all the flights are made by these entrepreneurs themselves..

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6. Must read: Top Dutch investor in London: ‘The Dutch welfare state is killing excellence’

The successful stock investor in London, Adriaan de Mol van Otterloo, is quite critical of the Dutch corporate culture, especially of top managers. He says that in conversation with FD. ‘In the Netherlands, the established rules of procedure are treated far too little critically,’ says De Mol van Otterloo. “Holland has refused because company directors do not value alternative views. Isn’t it incredible that Philips ignores the opinion of the vast majority of shareholders about the CEO’s bonus?’

7. At the coffee machine: The value of the British pound falls to a record low against the dollar

The British pound has fallen a further four percent and as a result stood at $1.03 this morning. That level against the dollar was last reached when Margaret Thatcher was Prime Minister of the country some 37 years ago. The pound’s weakening started on Friday when the new finance minister promised tax cuts, which he will pay for with loans. The former Chancellor of the Exchequer, Lord Ken Clarke, is critical of the plans. He expects the pound to implode. “I’m afraid that these are the kinds of measures that are usually tried without success in Latin American countries,” he told the BBC.

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