AIB bonuses, WikiLeaks and being always behind the curve
Dec 14th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The belated decision of the Minister for Finance to effectively tell the board of Allied Irish Banks (AIB) that it cannot afford to pay €40m in bonuses is typical of the slow-motion process of Irish governance. Awake to a reality only when forced to take action and this again has been unsurprisingly revealed in US diplomatic cables leaked by the website WikiLeaks.