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Wed 11 Nov 2009AIB agrees to €500,000 cap on salaries for executives
Allied Irish Banks (AIB) executive Colm Doherty has agreed to have his salary capped at €500,000 in his new role of managing director of the bank.
Taoiseach Brian Cowen told the Dáil this morning Mr Doherty would take up his new position with “immediate effect” and that outgoing chief executive Eugene Sheehy would stand down at the end of the month.
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