How Much More Of This Can We Take?

at

Seriously.

Come on.

Allied Irish Banks will have to increase pay for hundreds of workers because senior executives received nearly €4m in secret bonuses allegedly designed to prevent them from abandoning the State-owned institution.

A human resources bank official told [a] tribunal that the secret bonuses, which included £426,000 paid to 24 senior managers at [AIB’s Northern ireland unit] First Trust in Northern Ireland, were “retention payments”.

...The payments were made last year and the recipients were warned not to tell anybody they’d received the cash.

 

AIB staff To Get Pay Hikes As ‘Secret Bonuses’ For Senior Chiefs Revealed (John Mulligan, irish Independent)