AIB €3 Million Package for Ex Boss

It has been revealed in the AIB accounts that the former AIB managing director Colm Doherty received a pay package totalling more than €3 million when he resigned in November 2010.

It will probably anger many Irish people that a chief executive of an organisation which made a €12 billion loss could walk away with a €3 million pay package.

AIB recently announced that more than 2,000 bank workers are to be made redundant. There seems to be one rule for those at the very top who have destroyed the organisation and another rule for the ordinary staff on the ground.