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Adams Challenges Taoiseach on AIB Request

18 May, 2011 - by Gerry Adams TD


Sinn Féin President Gerry Adams TD has expressed disappointment at the Taoiseach’s refusal during Leaders Question’s today to rule out the possibility that banks might be permitted to recruit senior CEOs at a salary which breeches the €500,000 limit currently imposed on them.

Mr. Adams said:

“I challenged the Taoiseach to make it clear that he would not allow AIB to breach the €500,000 limit on Chief Executives salaries.
“I am disappointed that the Taoiseach today, despite being pressed by me, refused to rule out paying bank executives over half a million euro.

“At a time when the state’s debt is spiralling out of control, when many families are facing severe hardship, and the Cabinet is considering cutting the take home pay of 300,000 of the states lowest earners, it is unacceptable that any consideration should be given to increasing the limit on senior banking executives’ salaries. This would be both ethically and economically wrong.

“It is inconceivable, in light of the scandalous role played by the banks in the economic crisis and the justifiable public outrage at big bankers walking off with pensions worth millions, that this government could give any consideration to such a move.”

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