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The Collapse of the VOC

Tuesday, May 14, 2002

The rhythm of the world has changed, but dancing to Dutch music goes on. The VOC was ruined by corruption.

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Management from headquarters was deemed a failure. The board of directors put their interests above the companys. They were corrupt and continued to rake in personal fortunes, amounts bigger than the corporate income. Bookkeeping was not transparent, failing to provide a clear account of the companys condition. Managers and other high-ranking officers were appointed on the basis of who they were connected to. Their positions, company equipment an

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