Sign up to The Irish Times Archive (1859 - 2008)My Account »
Tue 11 Nov 2009Salary of incoming AIB head to exceed State cap on bank pay
SENIOR AIB executive Colm Doherty, who will shortly be appointed managing director of the bank, will not be forced to take a salary cut to meet the Government’s cap of €500,000 for top bankers.
Mr Doherty’s annual salary is expected to remain at about €633,000, the amount he was paid in 2008, after his imminent promotion to the new role of managing director at AIB, according to sources with knowledge of the bank’s plans.
Choose a Subscription type - required
