Cuts in bankers’ pay to extend to all Irish-owned guaranteed financial institutions; Politicians express outrage but mum on own featherbedding
Feb 9th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Cuts in executive pay for bankers are expected to extend to all Irish owned financial institutions covered by the banking guarantee. The Government is working on the final details of the €7 billion recapitalisation of Bank of Ireland and AIB, while politicians are expressing outrage about pay but are mum on their own featherbedding.