Sheehy faces up to new realities

The tide has turned on Eugene Sheehy, AIB’s chief executive, as he is forced to revisit his stance on capital, dividends and bad debts.

8th November, 2008

The tide has turned on Eugene Sheehy, AIB’s chief executive, as he is forced to revisit his stance on capital, dividends and bad debts.

Bravery gives way to brickbats. Just over three months ago, Eugene Sheehy, AIB chief executive, displayed unexpected confidence in the bank’s ability to ride out the credit crunch, by surprising markets with an increased dividend and upbeat noises about keeping a lid on bad debts.

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