Irish Life chief is paid €586k a year

Irish Life’s chief executive is being paid €586,000 a year, breaking the Government’s own salary cap rules, while his former AIB counterpart is sitting on a €10.5m pension pot.

Figures revealed by Finance Minister Michael Noonan confirm Ireland’s banking elite are still living a Celtic Tiger lifestyle. Mr Noonan admitted he has yet to write to the officials asking for pay cuts.

In a series of parliamentary responses released last night after questioning from Sinn Féin’s Pearse Doherty, the minister confirmed that at the start of this year: