Proposal to cap bankers’ pay rejected

THE Government has voted down a proposal to cap top bankers’ salaries so they could earn no more than the minister for finance.

Proposal to cap bankers’ pay rejected

Labour party finance spokeswoman Joan Burton had suggested executives at all banks propped up by taxpayers’ money should receive no more than the e250,000 salary of Finance Minister Brian Lenihan.

She said it was laughable for Transport Minister Noel Dempsey to tell the Fianna Fáil Ard Fheis the Government would get tough on bankers if it would not curtail their earnings.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited