OK. Deep breath…
A report in February 2009 outlined new levels of reduced pay for bankers in exchange for the Government’s €440 billion guarantee.
But an analysis by the Irish Examiner this very morning shows 37 of 44 non-executive members on five of the banks’ boards were paid more last year than recommended in the report.
It also emerged that the banks’ chief executives, whose salaries were capped at €500,000, are receiving benefits including cars and club memberships ranging from €33,000 to €66,000.
One waffer thin mint?