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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