Friday November 27, 2020

Cash from chaos

Brian Lenihan’s justifiable attempt to cap the pay of high earning senior bankers appears to have blown up in his face

21st November, 2009

The issue of senior bankers’ salaries has fallen through several cracks in the last year.

What appeared to be a political winner for Minister for Finance Brian Lenihan – insisting on a €500,000 per year salary cap for chief executives – has become much more complicated. Last March, the Covered Institution Remuneration Oversight Committee reported to Lenihan. The independent body had been set up following the state guarantee scheme to examine top bankers’ pay....

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