AIB faced shareholder revolt over payment to former finance director

AIB last week faced an unprecedented revolt from its biggest shareholders and came close to losing a proposal to pay additional ‘goodbye’ money to its former finance director.

29th April, 2006

AIB last week faced an unprecedented revolt from its biggest shareholders and came close to losing a proposal to pay additional ‘goodbye’ money to its former finance director.

The resolution to pay compensation to Gary Kennedy was passed, but more than 40 per cent of the bank’s shareholders, including some of the largest pension funds and institutions in the world, voted against the resolution in ballots before the bank’s annual general meeting last...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago