Restrictions on bankers’ pay were put in place after the bail-out of the financial system in 2008. These limit total pay at AIB, Bank of Ireland and Permanent TSB – excluding standard pension contributions – to €500,000 and ban bonuses.
AIB has proposed a deferred share plan for senior executives worth as much as 100 per cent of salary.
But, in a statement this afternoon, Donohoe he...
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