Sir, – In the real world, competing companies poach quality staff from each other and pay a premium to the poached to ensure they sign up.
In an unreal world, two non-competing companies, ie AIB and Anglo Irish Bank, owned by the long-suffering Irish taxpayer, are engaged in a similar competition for staff, the premium being a 30 per cent salary increase (“AIB in approach to Anglo loan managers”, Business, August 22nd).
Needless to say the shareholder will have to fund this madness.
Minister for Finance Michael Noonan: Do your stuff, please, and put an end to this nonsense. – Yours, etc,