Tuesday 16 January 2018

Time to end all bonus cultures

Brian Lenihan has had a couple of good days. He faced down the madness of paying €40m in bonuses to staff in a bank that was being supported by billions of taxpayers' money.

Then yesterday he made a blistering attack on the excesses of the benchmarking years and pointed an angry finger at, among others, those in his own department. By extension his onslaught -- refreshing in its straight-talking nature -- also targeted previous incumbents of his position and former Taoiseach Bertie Ahern, under whose stewardship the madness was perpetrated.

Mr Lenihan was showing a remarkable level of being in touch with public opinion, or should that be public anger? Almost singularly he has responded to the mix of fury and despair at large in the community.

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