FAI chair Barrett set to make millions from proposed Goodbody sale to AIB

A plan to pay large incentives at AIB by the bank's previous managers was vetoed by finance minister Paschal Donohoe in recent years.  

Roy Barrett, FAI chairman and boss of Goodbody. Picture: Ryan Byrne/Inpho

Roy Barrett, the boss of Goodbody Stockbrokers, who was appointed chairman of the FAI this year, is on course to be paid multi-millions from a proposed sale of the brokerage he has run for almost 25 years and where he is a leading shareholder.    

AIB, which is 71%-owned by the Government, is looking to buy back Goodbody, which was sold off in the last financial crisis.