Bank boards must come back to Earth

Bankers have played a significant role in creating the economic difficulties we are now faced with and so the debate about their appropriate pay levels is unsurprising. What is clear, first of all, is that the pay levels of many bankers has been exce

21st March, 2009

Bankers have played a significant role in creating the economic difficulties we are now faced with and so the debate about their appropriate pay levels is unsurprising. What is clear, first of all, is that the pay levels of many bankers has been excessive, a phenomenon evident not only here but worldwide. Confirmation of the extraordinary pension benefits enjoyed by Irish Nationwide chief executive Michael Fingleton are just the latest example. Building societies are meant...

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