Anglo €200k pay slammed by Dail
Published 11/10/2011 | 05:00
FIANNA Fail finance spokesman Michael McGrath has lashed out at the "unacceptably generous" salaries paid by Anglo Irish Bank after it emerged 32 executives at the bailed-out institution are earning more than €200,000 a year.
The Anglo salaries were revealed to the Oireachtas Finance Committee in recent days. Mr McGrath last night said the committee did not have similar information for the other bailed-out banks, but that he would "absolutely" seek it.
The €200,000-plus salaries means that 32 Anglo Irish bankers are being paid a basic salary above the Taoiseach, up from the 18 executives who out-earned the Taoiseach in 2010.
Sources said the latest Anglo figures also encompassed staff from Irish Nationwide, which merged with Anglo in July, while the Taoiseach's salary has fallen from €228,000 to €200,000 in the intervening period.
The Taoiseach, however, gets a generous pension package, whereas Anglo executives are on defined-benefit pension only.
It is understood some pay rises at Anglo have been made to keep key staff, or where staff have been promoted internally to replace departing executives.