The Concertgebouw announced jubilantly yesterday that last September's share issue was a resounding success. After all, out of 1,000 €12,500 shares, 400 had been ordered. Almost €5 million from private individuals raked in. Truly no mean feat in this thrifty little country, where everyone complains that patronage does nothing. The media, including the Amsterdam Parool, took up the jubilant news. Only we did a frown for a moment.
Indeed, we argue that the equity em...
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