Now we know why Anglo wanted Sean Quinn Jr to pay them 500k last week they wanted the money to pay Kevin Blake
Kevin Blake joins the State-owned bank on Monday as chief risk officer on a remuneration package, including pay, benefits and pension, of over €500,000.
It was revealed last week that six employees at IBRC were paid more than €500,000 and Mr Blake will be the seventh.
The Department of Finance has today defended its approval of Mr Blake's level of remuneration.
It says the overall package is in line with guidelines and a spokesman said the role of Chief Risk Officer was a very important one.
In a statement, Fianna Fáil's Finance Spokesman Michael McGrath said there was no evidence of political will on the part of the Government to tackle what he called "the enormous benefits" paid to bankers.
He accused Michael Noonan of "speaking out of both sides of his mouth" on the issue.
An IBRC spokesman pointed to comments by the bank's CEO Mike Aynsley last week that he had to hire qualified people.
1 comment:
Not alone are these fat cats costing us massive and unwarranted salaries etc. they have defrauded the citizens of Ireland out of billions in their strategy on Quinn. They seem to want to forget that Quinn offered to pay the State 2.8billion. They may forget but we wont.
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