There is no evidence that large financial rewards were necessary to recruit top bankers, as has been claimed, writes Richard Curran.
Excessive earnings by bank executives appears to have begun after the year 2000, according to the committee set up by Finance Minister Brian Lenihan to recommend changes to the remuneration of top bankers.
The report from the Covered Institutions Remuneration Oversight Committee said that prior to 2000, financial institutions adopted a conservative policy in relation...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team