The Last Post: Davy 16 to get the last laugh with cash bonanza after sale to Bank of Ireland

Some of the executives who resigned in the wake of the recent scandal will make tens of millions of euro each after tax

11th July, 2021
The Last Post: Davy 16 to get the last laugh with cash bonanza after sale to Bank of Ireland
Davy Stockbrokers, Dawson Street: set to fetch around €500m, much more than previously thought. PIcture: Fergal Phillips

As the saying goes, those who laugh last laugh loudest. Well, some of those at Davy Stockbrokers look like they are going to be living proof of that, as they are set to benefit from massive payments from Bank of Ireland in return for their shares.

The law of unintended consequences means that many of the members of the so-called Davy 16 – a sub-group including the most powerful within the firm – are going...

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