Business Irish

Thursday 22 February 2018

Fingleton bonus row may soon be resolved hints Dukes on anniversary of bank guarantee reporters

The row over the €1m bonus paid to disgraced Irish Nationwide boss Michael Fingleton may soon be resolved. He received the bonus and an €11,500 retirement watch when he stepped down from the building society after the introduction of the controversial bank guarantee in 2008.

The chairman of Anglo Irish Bank, Alan Dukes, told reporters this morning that he expects developments on the issue in the coming days.

"Watch this space… There will be one or two things coming out of that in the next couple of days I think," he said.

State-owned Anglo -- which has taken over Irish Nationwide -- has asked Mr Fingleton to repay the money and to return the €11,500 watch he received on his retirement.

Mr Fingleton (73) also left Irish Nationwide with a €27m pension pot.

A recent employments appeals tribunal heard that Mr Fingleton ran the society like a “personal bank.”

It was claimed he operated special loan facilities for "unlimited amounts of money" for his friends in the media, government and social circles.

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