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Whopper salary for top banker outrageous – McDonald

15 March, 2012 - by Mary Lou McDonald TD

The Sinn Féin spokesperson on public expenditure Mary Lou McDonald TD has described as “outrageous” the salary received by Bank of Ireland chief Ritchie Boucher.

Deputy McDonald said:

“Ordinary people are footing the bill for this banker’s outrageous salary. It is bad enough that Ritchie Boucher was awarded the whopper payment of €623,000 but what makes this even worse is the fact that this breeches the government’s own pay cap by €123,000.

“It is absolutely scandalous that the head of a bank that has received such a huge injection of taxpayers’ money should be awarded this ‘pension cash allowance’, but what is even more scandalous is that this has been allowed to happen.

“The government need to cop themselves on and put a stop to these situations where bank bosses are quids in at the expense of taxpayers.”

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