This is an outrage - regardless of the fact that this was a bonus deferred from 2008, and AIBs hand seem to be tied following legal action, the execs of AIB are robbing the Irish tax payers!!!!
We are constantly being told that we are paying for the benefits cheats! Well, this is just as bad. On average the execs will receive €16,000. There was one exec, (the first to take legal action) forced the bank to pay €161,000 - one hundred and sixty one thousand of our money is being paid to one person.
The IDA are reported as saying "if the IDA had that sort of money to repair the country's tarnished reputation on the international scene" ... the Irish people's income is being slashed under the budget, whilst these execs are being paid these bonuses. Not even in the private sector does shareholders get paid dividends until a certain amount has been put in reserves.
AIB has been bailed out by the Irish taxpayer to the tune of €3.5bn and this is expected to be much larger. AIB have been set a target to raise €5.3bn in capital, which is thought to be very unlikely. So I say again, why are these bonuses being paid out. The Government and their budget are a farce if they exempt the very people that are being paid these ridiculous amounts from the €250,000 pay cap.
And NAMA! The National Asset Management Agency - the one that buys all the bad debt, and the money they spend may never be recouped.
John Dick
No comments:
Post a Comment