Bank salaries - Oppose BoI pay deal

One of the votes at tomorrow’s Bank of Ireland AGM will focus on the pay of chief executive Ritchie Boucher.

The bank made a pre tax loss of €2.2bn last year yet Mr Boucher was paid €843,000, close enough double the State’s declared €500,000 salary cap.

The Government owns 15% of the bank but Finance Minister Michael Noonan will abstain on any vote regarding bank executive salaries. Why?