Tuesday 14 December 2010

Lenihan found AIB bonuses 'galling' - RTÉ News: "Minister for Finance Brian Lenihan has said he found it 'galling' that Allied Irish Bank was to pay €40m in bonuses to senior staff when everyone in the country was having to make sacrifices.
Speaking on RTÉ's Morning Ireland, Mr Lenihan said this was a position which he described as unacceptable.
Last night, the board of AIB decided not to pay the bonuses to almost 2,500 staff, dating back to 2008, after the minister wrote a letter saying that State funding for the institution could be withheld.
Mr Lenihan said he had reflected on the matter over the weekend and discussed it with the Attorney General and Taoiseach Brian Cowen"

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