SCHEVENINGEN, Netherlands -- Ahold executives, who were contrite and apologetic, confronted angry shareholders at its annual meeting here last week, and pledged to bring the company back on an even keel.
As early as the first half of 2001, Ahold principals were already aware of problems that resulted in an $880 million overstatement of its pretax earnings from 2000 to 2002 due to overbooking of promotional allowances at U.S. Foodservice, Ahold Chairman Hendrikus de Ruiter told the ...
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