Thursday 20 July 2017

IFA will have to rebuild trust with its members

The IFA is paying a very high price for its failure to be forthright and transparent on pay rates (Stock image)
The IFA is paying a very high price for its failure to be forthright and transparent on pay rates (Stock image)
Editorial

Editorial

Even by the standards of long goodbyes, a payoff that lasts for 10 years and which amounts to just under €2m is pretty rich.

The storm surrounding the revelations over the departure of IFA General Secretary Pat Smith shows no sign of abating. It has been argued that to place too much faith in logic is a guaranteed way of ending up cuckolded by reality; even so, by any stretch, it is difficult to get a grasp on the reasoning behind the golden handshake.

The IFA was so convulsed over what was seen as an excessive salary for Mr Smith that the furore ended in his departure. We now learn that this dark cloud has had not so much a silver, but a platinum lining for Mr Smith.

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