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04/02/2009
Cowen Chops Fat Cat Wages
The Taoiseach has told the Dáil that all the top bankers of recapitalised banks are to take a 25% pay cut.
Earlier this week, Mr Cowen said the Government was planning to inject €8bn of taxpayers' money into AIB and Bank of Ireland to help them through the credit crunch, but now he wants Bank leaders to be penalized for the taxpayer handout.
Bank directors' would see their fees cut by 25% if the recapitalisation plan they have been crying out for goes ahead.
Mr Cowen added that he would expect top executives to face an upper limit on remuneration that is at least 25% below what it is at the moment.
Top bank directors can command a salary healthily in the seven-figure bracket, whilst claiming much more in share value bonuses.
(DW/BMcC)
Earlier this week, Mr Cowen said the Government was planning to inject €8bn of taxpayers' money into AIB and Bank of Ireland to help them through the credit crunch, but now he wants Bank leaders to be penalized for the taxpayer handout.
Bank directors' would see their fees cut by 25% if the recapitalisation plan they have been crying out for goes ahead.
Mr Cowen added that he would expect top executives to face an upper limit on remuneration that is at least 25% below what it is at the moment.
Top bank directors can command a salary healthily in the seven-figure bracket, whilst claiming much more in share value bonuses.
(DW/BMcC)
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09 February 2009
Gov To Slash Bankers Pay
Top bankers in Ireland could be facing a major pay cut ahead of the up-coming bail-out of some banks. The government is trying to agree a reduction in bankers wages as well as more credit for business and a stay on home repossessions before a €7 billion bail-out to save the stricken banks gets the go ahead.
Gov To Slash Bankers Pay
Top bankers in Ireland could be facing a major pay cut ahead of the up-coming bail-out of some banks. The government is trying to agree a reduction in bankers wages as well as more credit for business and a stay on home repossessions before a €7 billion bail-out to save the stricken banks gets the go ahead.
22 January 2009
Anglo Investors To Sue As Bankers Cut And Run
It has emerged that Anglo Irish Bank stakeholders will attempt to sue the bank and its senior management following revelations over its concealment of loans. It is believed the bank and its former executives are likely to be sued for breach of confidence and trust, fraud and negligent misrepresentation.
Anglo Investors To Sue As Bankers Cut And Run
It has emerged that Anglo Irish Bank stakeholders will attempt to sue the bank and its senior management following revelations over its concealment of loans. It is believed the bank and its former executives are likely to be sued for breach of confidence and trust, fraud and negligent misrepresentation.
16 March 2016
Housing Crisis Must Be Priority Of Incoming Govt - FF
Fianna Fáil has said that it will prioritise homelessness in the new Dáil. The party's spokesperson on Housing and Environment, Barry Cowen, said that reports by homeless campaigner Fr Peter McVerry claim that up to 3,000 children could become homeless by 2017. "This is one of the biggest crisis to face the State in recent history.
Housing Crisis Must Be Priority Of Incoming Govt - FF
Fianna Fáil has said that it will prioritise homelessness in the new Dáil. The party's spokesperson on Housing and Environment, Barry Cowen, said that reports by homeless campaigner Fr Peter McVerry claim that up to 3,000 children could become homeless by 2017. "This is one of the biggest crisis to face the State in recent history.
08 March 2016
FF Restate Commitment To Assist Distressed Homeowners
Fianna Fáil have restated their commitment to assisting distressed homeowners facing repossession. The party's Spokesperson on Environment and Local Government, Barry Cowen, said that assisting people in mortgage arrears and families at risk of losing their home through repossession must be a priority for the next Government.
FF Restate Commitment To Assist Distressed Homeowners
Fianna Fáil have restated their commitment to assisting distressed homeowners facing repossession. The party's Spokesperson on Environment and Local Government, Barry Cowen, said that assisting people in mortgage arrears and families at risk of losing their home through repossession must be a priority for the next Government.
12 November 2015
Fianna Fáil Raise Concerns Over Staff Levels At PRTB
Staff levels at the Private Residential Tenancies Board (PRTB) have fallen by almost 50% in the last five years, according to Fianna Fáil. Spokesperson on environment and local government, Barry Cowen, said that the staff cutbacks were revealed by figures obtained by Fianna Fáil through parliamentary questions.
Fianna Fáil Raise Concerns Over Staff Levels At PRTB
Staff levels at the Private Residential Tenancies Board (PRTB) have fallen by almost 50% in the last five years, according to Fianna Fáil. Spokesperson on environment and local government, Barry Cowen, said that the staff cutbacks were revealed by figures obtained by Fianna Fáil through parliamentary questions.
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Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
