Saturday 10 December 2016

Never mind Noonan, bank bonuses will return

Shane Ross

Published 02/02/2014 | 02:30

MICHAEL NOONAN: His craftily worded statement left the door open for reintroduction of bankers’ perks in the future. Photo: Simon Dawson/Bloomberg
MICHAEL NOONAN: His craftily worded statement left the door open for reintroduction of bankers’ perks in the future. Photo: Simon Dawson/Bloomberg

AIB BANKERS are seeking their just rewards. No matter that AIB has haemorrhaged money. Nor that it cost the State €21bn in the bailout. Forgotten are the small shareholders. And its owner – the State – can stuff it.

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In recent weeks, the top AIB boys sprung out of the traps demanding equal treatment with their overpaid, overseas peers.

It was a well-plotted putsch. The leading lights in AIB struck while the heat was directed elsewhere. Under the cover of the flak flying in the direction of the Central Remedial Clinic, the Garda Commissioner and others, they slinked up to the Department of Finance and dropped the toxic potion in the mix. AIB bosses wanted performance bonuses – for their service to the nation.

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