Government report proposed €3m salary cap for bankers
The Korn Ferry report, commissioned by Paschal Donohoe in 2018, recommended higher salaries, bonuses of up to €20,000 and the reinstatement of a range of staff benefits and incentive awards
A government-commissioned report into bankers’ pay recommended that crisis-era pay caps be lifted and senior executives be paid a maximum of almost €3 million per year in total compensation, the Business Post can reveal.
Paschal Donohoe, the former finance minister, ordered a review into bankers’ pay from Korn Ferry, the global consultancy firm, in 2018. The report has remained unpublished despite repeated requests for it to be made public.
Last month, Donohoe announced the lifting ...