Monday 9 April 2012
Aynsley paid €203,000 For Relocation.
IRISH BANK Resolution Corporation chief executive Mike Aynsley received a pay package of €866,000 for 2011, which was down from €974,000 the previous year, a reduction of 11 per cent.
His pay comprised a salary of €538,000, a contribution of €125,000 to his pension and “temporary allowances” of €203,000, the State-owned bank said.
The allowances for Mr Aynsley comprise “temporary relocation assistance which includes rent, travel and other agreed expenses”, the bank said in the annual report.
He moved from Australia to Ireland to take up the role of chief executive of what was then Anglo Irish Bank in September 2009.
Mr Aynsley told reporters he believed the pay was “good value for money for the taxpayer”. He said his pay would fall further to €750,000 this year as his temporary allowances will reduce again.
These allowances have fallen from €294,000 to €203,000 and they would fall to €80,000 for this year, he said. His salary, benefits and pension contributions will remain the same this year. “From a personal perspective, I wouldn’t have been able to come to this country to do this job without these allowances,” said Mr Aynsley.
The temporary allowances were not intended to be ongoing, he said, and they “drop away” from September, which will mark his third year in the job. “I am really grateful because it has been really interesting and I think a productive piece of work I have been able to do since coming to Ireland,” said Mr Aynsley.
IBRC chairman Alan Dukes was paid €150,000 in fees in 2011.
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2 comments:
This figure should pay for him relocating from the moon.
He may not have come from another planet but he certainly has landed on his feet on this planet by landing this plum job like his colleagues who are fleecing the taxpayers,
These guys are not fatcats. They are morbidly obese cats and we are the fools that are feeding them.
It goes on to say €80,000 for this year "great job you get paid so much to relocate and next year it will be 60K I presume but inflation will probbaly put it back to 100K.
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