Cut bank chiefs pay to EUR350,000; CAP THE FAT CATS.Byline: By AINE AINE Antiinflamatorio No Esteroideo (Spanish: nonsteroidal antiinflammatory) HEGARTY, Political Editor TODAY the Irish Daily Mirror joins furious TDs in calling for fat-cat bank bosses' salaries to be capped at EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 350,000. The call comes after it was revealed that 36,500 people lost their jobs last month - an average of 1,177 a day. We believe the Government should follow the example of President Barack Obama, who has capped bailed-out US bankers' salaries at EUR500,000. The limit should apply to Irish banks getting an EUR8million injection from taxpayers - including Bank of Ireland This article is about the commercial banking company Bank of Ireland. For the central bank of the Republic of Ireland, see Central Bank of Ireland. The Bank of Ireland (Irish: Banc na hÉireann chief Brian Goggin, who earned EUR3million in 2008. Yesterday timid Brian Cowen suggested a 25 per cent pay cut - which would still leave Mr Goggin with EUR2.25million. Labour's deputy leader Joan Burton told the Taoiseach: "If you think public servants are going to cheer you..then I don't know what planet you're living on." Party leader Eamon Gilmore also called on Mr Cowen to follow President Obama's example. |
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