Report highlights excessive earnings

There is no evidence that large financial rewards were necessary to recruit top bankers, as has been claimed, writes Richard Curran.

14th March, 2009

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...

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