We say Goodbye... He finally left the stable -- but not without his straw
Shane Ross bids farewell to those masters of the universe who hung up their braces in 2009. Some might say 'good riddance'
Published 03/01/2010 | 05:00
BRIAN Goggin bade farewell to the marble halls of the Bank of Ireland 18 months early in February last.
As Bank of Ireland's managing director he was the first of the big bankers to depart this year after a series of disastrous media outings. His response in an RTE interview that his pay package would be reduced to "less than €2m this year" rocked the nation and sealed his fate. It was an absolutely extraordinary statement from a man who had drawn €4m during 2007.
Goggin presided over the collapse of the Bank of Ireland's share price from a high of nearly €19 to a low of just 12 cent, while benefiting from huge pay rewards himself.