| BUSINESSWEEK ONLINE : DECEMBER 4, 2000 ISSUE | ||||||||
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| INTERNATIONAL -- FINANCE
Why ING Barings Had to Go -- Profits rose 44% in the first 9 months, to $290 million. But return on capital was still just 5%, well below the 18% target. -- The staid ING Group board worried about earnings volatility. -- Barings was hit hard by the Asian and Russian crises of 1997-98. -- Salaries and bonuses for pampered investment-banking stars were skyrocketing. DATA: ING GROUP, BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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RELATED ITEMS Barings May Be Headed for the History Books (int'l edition) TABLE: Why ING Barings Had to Go INTERACT E-Mail to Business Week Online | |||
