Word: venootschap
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...mind-boggling maneuver to avoid double taxation (from Britain and Holland), the ex-competitors set up Unilever Ltd. and Unilever N.V. (for Naamlooze Venootschap, or limited liability) as two separate holding companies that divide Unilever's assets but pool its profits. Each has a board of directors that controls the board of the other. This tail-chasing organizational scheme works only because the same men are on each board. Although Unilever Ltd. Chairman George Cole, 55, and Unilever N.V. Chairman Frederik Jan Tempel, 61, run the company from adjoining offices. Cole-a husky. low-key executive who started...
| 1 |