What a poor article and an editorial at that. Whilst I fully agree with the editorials general thrust it displays a typical lack of local understanding about Irish issues, the real facts, the differences with the UK. It ignores the collective responsibility in Eire that contributed to these issues. It lays the accusers, and not just the attempt at a sound bite from AIB’s new puppet like CEO (who I recollect readily dished out big pensions in his investment banking past and then not a peep about retrieval) in this matter bare to hypocritical. For instance, how come you didn’t bring out the current scandal about their PM being paid more than ours, Merkel, Holland etc? That despite the arrival of the Troika who are swanning it in Dublin’s best restaurants etc the politicians have just paid themselves outrageous pensions, perks etc and which is a current scandal ! That old Anglo Irish bank are back to their old tricks paying enormous salaries again-Their CEO’s perks and pensions in 2010 were greater than the PM’s salary-another front page scandal but ignored by you! That Bank of Ireland gave the two fingers !! That those public servants involved in this crisis have not been targeted and continue to languish. And your argument ignores the legal differences, the individuals rights, the moral issue of trying to single one section and not others. And what gives you the right to determine the correct pension correction-what was your basis, knowledge of the man or matter. I pay good money for good journalism to support my decisions. Next time do some good old fashioned spade work rather than getting dragged into a foreign issue that you have badly, or frankly could not have had the time to research, because its suits your UK bankers renumeration agenda. And think your conclusion through. Poor to lazy journalism me thinks and not the type I pay good money for to support my business decisions….

4. Was the pre-Elderfield head of Financial Regulation an Irish fellow? Perhaps we could have him back if he offers to underbid Elderfield’s remuneration.

Halloween is over! Don’t be giving people a fright like that.

Guarantying salaries at NAMA creates inertia,just sit on the file and don’t break anything,the level of hand holding is ludicrous.
Remuneration in commercial RE should always be based on eat what you kill,their should have upside but also downside.
Hence the preponderance for Vatican level secrecy and off market deals,legions of advisers,paper the file and cover your ass..but,but we had a ‘valuation’ done..

The “Non-Irish” executives are nominally in the so called “private sector”.

Besides, you’re only looking at the top level employess and board members here. The super-salary rot goes on down a few layers of the management chain in most of these places. Here’s the report from the Irish Examiner in the case of IBRC

Moreover, there are: 12 employees on packages of between €300,000 and €399,000; 24 on packages between €200,000 and €299,000; 44 on packages between €150,000 and €199,000; 146 on packages of between €100,000 and €149,000; and 774 of IBRC’s staff across Ireland and the UK are earning up to €99,000 a year.

I doubt you’d make a Commonwealth company out of this lot. I suspect there are a lot more Paddies, Fionns and Saoirses as you move down the ranks.