Top banker tells inquiry his earnings were 'unjustifiable'

The former head of Allied Irish Banks has claimed it was unjustifiable for him to take home millionaire pay packets in the years before the bank needed a €21bn taxpayer bailout.

Top banker tells inquiry his earnings were 'unjustifiable'

The former head of Allied Irish Banks has claimed it was unjustifiable for him to take home millionaire pay packets in the years before the bank needed a €21bn taxpayer bailout.

Eugene Sheehy, who earned more than €7m during his time at the helm, told the Oireachtas banking inquiry that all top bankers’ earnings from the time were unacceptable.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / 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