Wednesday June 3, 2020

Ian Guider's Market Talk

Expect plenty of anger from the public sector if banks start doling out huge bonuses again

Ian Guider

Markets Editor

22nd January, 2017
Richie Boucher, chief executive, Bank of Ireland Pic: Bryan Meade

A few years ago, the then chairman of AIB, David Hodgkinson, strode into the Department of Finance seeking permission from Michael Noonan to put in place a share options scheme to reward AIB’s senior executives.

The details of the conversation and what exactly was sought was never revealed but Hodgkinson was given a firm no and sent packing. At the time the reason was obvious: the bank, 99 per cent owned by the...

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