Tuesday 21 November 2017

Difficulty lies in putting value on banker's work

Donal O'Donovan

Donal O'Donovan

THE question of how much bankers should be paid isn't going away. News that state-owned AIB, where pay is capped, has lost a senior executive to Ulster Bank, where it is not, is just the latest chapter in a long-running saga.

For some on both sides of the debate, the answer is simple.

Even senior bankers have largely interchangeable sets of skills but somehow have traditionally been massively well paid. During the boom, pay levels got so extreme it distorted their ability to make sensible decisions, plunging us all into financial misery.

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