Friday 15 December 2017

Value for money

•"€500,000 is too low a salary to attract the best people" is the current argument being used to try to persuade the Government to lift its cap on the chief executive's salary in AIB.

If the top candidate declines the job offer because the salary is deemed to be too low, then perhaps it is greed, rather than ability, that distinguishes him or her from the next candidate (who is prepared to accept the salary).

Bankers, who were on earnings of €1m-plus a couple of years ago, loved to swing their collective hair and tell us: "It's because we're worth it".

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