Not Unexpected

at

State-owned Allied Irish Banks is set to offer its next chief executive a pay package worth almost €1m, the Irish Independent has learned.

The bank has conceded defeat in its fight to be allowed pay its new boss a basic salary of more than the government-imposed cap of €500,000.

But it has now emerged that AIB will instead be able to offer extras such as share options and a bonus that could boost the chief executive’s pay to €1m.

AIB chairman David Hodgkinson (above) is expected to go back to Finance Minister Michael Noonan with the proposed new pay package and this is likely to be approved

 

Sponsored Link
Sponsored Link
Broadsheet.ie