Matt Cooper: McDonagh’s departure from BoI brings bankers’ pay back into focus

If politicians insist that the bank’s new boss is paid a maximum of €500,000, the share price will likely fall further and Irish pension funds may suffer

Francesca McDonagh, former chief executive of Bank of Ireland: as the boss of BoI, she oversaw the repayment to the state of not just the €4.7 billion bailout bill, but an additional €1.8 billion profit as well. Picture: Naoise Culhane