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Posts tagged ‘Colm Doherty’

Incompetence rewarded at AIB

Figures in AIB’s annual report show the bailed-out bank paid its top management €3.6m last year, down from just over €5m the previous year.

The figure is the combined bill for executive and non-executive directors.

The bank’s finances were badly hit in 2009 following the implosion of the property market.


AIB’s former Chief Executive Eugene Sheehy earned €892,000 in 2009, down from €1.15m in 2008, according to the report. He retired from the position on 30 November.


Colm Doherty, who was appointed as the bank’s Managing Director towards the end of last year, saw his salary grow from €822,000 to €833,000 between 2008 and 2009.

Mr Doherty took over in early November. December and part of November reflect his salary at the capped rate of €500,000.


AIB’s former Chairman Dermot Gleeson, who retired at the end of June, took home €203,000 for his services – a decrease from €475,000 the previous year.

 


Sean O’Driscoll, a non-executive director of the bank who is due to retire this year, waived his fee for 2009.

Mr O’Driscoll, who is the Chief Executive of Glen Dimplex, is continuing to do the work free this year.

 

 

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Do these gents look like they care?
No, they couldn’t care less!

The Taxpayers of this country are going to be footing the bill to keep this lot in clover for the foreseeable future

When will the people rise up and kick these incompetent directors out?

We are literally rewarding criminal negligence

That’s like paying the Nazis for killing the Jews

Looking at this picture I am reminded of another (Below)

Notice the same expressionless faces

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