Thursday 19 January 2017

Of course I deserve a bonus. My taxes pay for 10 people on the dole

Kim Bielenberg listens to bankers who are furious that their Christmas jackpot has been taken away

Published 18/12/2010 | 05:00

Last night should have been a time of great celebration for the market traders in AIB. After a two-year wait, the elite cadre of the bank, mostly working in AIB Capital Markets, was due to receive its bonus cheques for 2008.

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In the Harbourmaster Bar, in the International Financial Services Centre where most of them work, these bankers would have raised a toast to their biggest payday since the start of the recession.

While the average sum was €17,000, some of the most highly valued dealers were due to get payouts of over €160,000 as a bonus payment for a year in which the Irish economy and the banks crashed.

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