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Tens of thousands gathered in the Czech capital for the second such protest in a month, spurred by an energy crisis and rising prices that are affecting countries across Europe.
Following an outcry, the Philadelphia company said its chairman and CEO, Harry Madonna — who would receive a $1 million windfall if the bank is sold — won't be part of the strategic review committee set up to evaluate any bids.
Republic Bank's parent is initiating a strategic review “in light of inquiries by multiple parties expressing interest in ... strategic transactions."
After a bruising proxy fight that led to the ouster of the Philadelphia bank's former chairman and CEO Vernon Hill, remaining stakeholders find themselves in disagreement over a potential sale of the the company.
GLOBALink | Czechs concerned about higher cost of living amid soaring energy prices-