Anglo staff scoop €20m windfall

CLOSE to 300 Anglo Irish Bank employees will share in profits of almost €20 million netting each up to €76,711 for an investment of just €12,045 in a save-as-you- earn employee bonus scheme.

The scheme, taken up by most employees including chief executive Sean Fitzpatrick, finance director William McAteer and group risk asset manager Peter Killen, enables investors to benefit from a company-sponsored saving's scheme allowing them to buy Anglo shares for just €1.79.

The shares traded at €11.40 yesterday. The bank has disclosed that 300 of its 430 Irish employees have taken up the scheme since it was launched three years ago.