Ex-BoI chief’s package topped €3m

ALTHOUGH his basic salary was cut, former Bank of Ireland chief executive Brian Goggin, who resigned from the company in February, still saw his overall remuneration package rise during the bank’s last financial year.

According to Bank of Ireland’s latest annual report for the 12 months to the end of March – a year which saw the company record a €7m pre-tax loss – Mr Goggin’s basic salary totalled just under €1.2m, but his overall remuneration package topped the €3m mark due to a €1.46m payment in lieu of him leaving a year earlier than planned.

Mr Goggin said, earlier this year, that he was likely to see his remuneration package for the financial year just completed drop below €2m. Only a couple of years ago his total annual package nudged the €4m mark.