AIB bows to pressure over salary cap

Allied Irish Bank bowed to Government pressure today agreeing not to exceed a €500,000 salary cap for its new chief.

AIB bows to pressure over salary cap
Wed, 18 Nov, 2009 - 14:47

Allied Irish Bank bowed to Government pressure today agreeing not to exceed a €500,000 salary cap for its new chief.

Colm Doherty has been appointed AIB group managing director after signing the €500,000 a year contract – a pay cut of €133,000.

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