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Ahold announced yesterday that two senior executives who were forced to resign last year in the wake of a billion-dollar accounting scandal - former CEO Cees van der Hoeven and CFO Michael Meurs - have agreed to pay back bonuses from the period during which profits were being overstated.

The decision came a day after the company announced that it would be taking back some of the bonus money paid to current members of its supervisory board who were directors of the company when its profits were being inflated.
KC's View:
Good. They must have read our admonition in MNB yesterday.