Former AIB boss Sheehy to take pension cut
Former AIB chief executive Eugene Sheehy is to take a cut in his annual pension to €250,000 from between €300,000 and €325,000, said a report.
Former AIB chief executive Eugene Sheehy is to take a cut in his annual pension to €250,000 from between €300,000 and €325,000, the Irish Times reported.
The reported cited a statement from Sheehy, which he released to the newspaper. Sheehy made the decision to take the cut in his pension after Taoiseach Enda Kenny said ex-managers had a “moral responsibility” to take cuts after the bank’s failure. He described pensions at the bank as “truly...
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