Saturday June 6, 2020

Donohoe to vote against AIB bonus plan

The finance minister is to set up a review of government restrictions on pay in the banking sector, which were put in place after the bail-out of the financial system in 2008

19th April, 2018
AIB executives at last year's EGM. This year's AGM will vote on a bonus plan. Pic: RollingNews.ie

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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