CEO of former Anglo Irish Bank defends high salaries

The head of the former Anglo Irish Bank has defended the pay packets of some of his top staff.

It emerged this week that six IBRC workers are on annual packages worth more than €500,000.

It was reported today that CEO Mike Aynsley said that high salaries are needed to keep good staff at the bank, and warns that losing high-quality employees would only cost the Irish taxpayer in the long run.

The Australian native also believes IBRC's an easy target for people who want to "bash away" at banks.