Here we go again....
How in God's name can you pay an executive who was forced out of a job a package of €3 million when you planning on letting 10,000 people go and are taking billions off the taxpayer.
I work in financial services and worked in London and saw the pay maddness there but this is just taking the absolute mickey. Who do these guys think they are to be entitled to this pay? What have they contributed apart a loss of about €18 billion to shareholders?
The corporate governance and ethical behaviour in Irish Boardrooms is gone way beyond a joke not that it ever wasa joke. And I am sick of hearing that he was contractually entitled. Unless his contract stated that he should help run one of Ireland's largest banks into the ground, I think it is fair to say that he didn't live up the terms of his contract.
[broken link removed]
Also the Chairman gets paid €120k accomodation allowance and is then compensated for any tax implications on this allowance i.e. BIK. Does that mean that he is not paying tax on the compensation for the tax. Or is he compensated for the tax on the compensation for the tax. All very confusing.
How in God's name can you pay an executive who was forced out of a job a package of €3 million when you planning on letting 10,000 people go and are taking billions off the taxpayer.
I work in financial services and worked in London and saw the pay maddness there but this is just taking the absolute mickey. Who do these guys think they are to be entitled to this pay? What have they contributed apart a loss of about €18 billion to shareholders?
The corporate governance and ethical behaviour in Irish Boardrooms is gone way beyond a joke not that it ever wasa joke. And I am sick of hearing that he was contractually entitled. Unless his contract stated that he should help run one of Ireland's largest banks into the ground, I think it is fair to say that he didn't live up the terms of his contract.
[broken link removed]
Also the Chairman gets paid €120k accomodation allowance and is then compensated for any tax implications on this allowance i.e. BIK. Does that mean that he is not paying tax on the compensation for the tax. Or is he compensated for the tax on the compensation for the tax. All very confusing.