Harsh reality looms for the new AIB chief

It is a moot point whether various financial institutions were going to back the re-election of Eugene Sheehy as AIB chief executive at its forthcoming agm. There is a much stronger suspicion that it would have been politically impossible for Brian L

2nd May, 2009

It is a moot point whether various financial institutions were going to back the re-election of Eugene Sheehy as AIB chief executive at its forthcoming agm. There is a much stronger suspicion that it would have been politically impossible for Brian Lenihan, as Minister for Finance, to exercise his 25 per cent vote in favour of the reappointment of senior executives at the country’s biggest bank.

How could the chief executive of the bank...

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