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Dublin: 11 °C Wednesday 22 May, 2013

Poll: Should bankers get their bonuses?

Up to 2,400 staff in AIB are set to benefit from €40 million in bonuses. Is this only fair, or is too much of a kick in the teeth to taxpayers? Let us know what you think.

MORE THAN 2,400 staff at troubled Allied Irish Bank are set to scoop up to €40 million in bonuses next week, after the government’s decision to scrap the payments was successfully challenged in court by one of the bank’s traders.

AIB, which is expected to become 95 per cent state-owned, believes that as a result of the legal ruling, it now will have to stump up for all the bonuses awarded in 2008 – which had been withheld under the government’s bank guarantee.

What do you think? Should the bankers get their bonuses, or should they be told to take a hike? Do you even care?


Poll Results:





Read what Brian Lenihan said about ‘mad bonuses’ six months ago >

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Comments (14 Comments)

  • If the bank doesn’t have the money to pay the bonuses … what the hell is it doing paying bonuses? Legal doesn’t even come into it. How many of us lost paychecks due to businesses folding? Not bonuses, but the actual fees for works done that never materialised? Our government shrugs that off, yet bends to these failing behemoths? I don’t know. Words fail me.

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  • That is, pardon my French, fucking insane.
    I left Ireland about 4 months ago, I graduated in 2008 just after the country announced it was in recession.
    I had one relevant job, a 3month contract, in a field I spent 5 years working towards, I am now employed in a fulltime position a hop-skip-&-a-jump over here in London.
    Those bankers played a massive part in Irelands demise, they should be made redundant (clearly they cannot function as bankers, so that term is very appropriate for them) and struggle to find a minimum wage job which like the rest of the country has been subjected to, like my family and friends.
    Fuck all of ye, ye do not deserve a further fucking penny, ye liars and thieves.

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  • I’d love to see Brian Cowen defend this one as “robustly” as he defended everything else yesterday during various interviews. This is a deplorable action by AIB, particularly as it refers to 2008 bonuses.

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  • The government has cut vulnerable people on the basis that it cannot afforded.
    The same should apply to theese people in AIB. We may be bound legally but pay them when the Bank get back into profit and our money is returned.

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    • yes I totally agree when the country is back to normal think about it then ,Is this another way to turn our heads away from the budget so we will forget no folks when it hits your pocket you never forget How about all the pirks the bank gets will they have a christmas party Im sure they will

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  • I find it fascinating that the court that heard the test case over this for one of the bankers found that his claim of “unnecessary hardship” resulting from not receiving his bonus was reasonable. Said banker received a salary of 71,000. His bonus was 141,000. I can’t see how “unnecessary hardship” could be incurred by someone on a salary of 71k. Necessary loss of some luxury maybe…

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  • GET REAL AND BE GLAD YE HAVE A JOB THAT MONEY BELONGS TO THE PEOPLE OF IRELAND ENTITLED OR NOT ITS NOT YOUR MONEY TO GIVE AWAY

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    • i also add that if a company doesnt have money, they make cutbacks not splash out – i used to get a christmas bonus of 200 euro (laughable in comparison to the bonus in question here) now thats all deffinately gone with a reduction in pay from 600 per week to 200 and no entitlements and a mortgage i cant manage and im due to be cut another 5 euro due to this budget so do you think there is justice in a bank , that has reliance on the ordinary person like me, that is suffering as a result of the banking crisis help pay their bonus?????? YOU CANT GIVE WHAT YOU DONT HAVE

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  • the supposed contracts that entitle AIB staff to these bonuses must have had performance related elements included. consider that these are the employees that lost the bank all its money, supplied its customers with criminally poor advice, entered false information on account details to justify their activities… this hardly constitutes meeting your contracted obligations to the bank and its customers

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    • Yes Peter i agree with everything your saying .But who is going to do anything about all of this obscene action that the goverment is allowed to get away with, doing what ever they want , as far as i am concerned there is no one out there to help us to fight for JUSTICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! we are DOOMED.

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  • Pat a guy from cork… it is an utter disgrace ..While we have to sit and take this AT PRESENT there are options.
    Firstly any who have an account with AIB lets move our business to a different bank .
    Next ..there will be a vote in the near future …Lets be heard ..go out and use our vote .
    Then, as in my case I have 3 grandchildren ,oldest is 8 so I will be giving them history lessons .Asking when they get to voting age that they remember what has happened and those responsible,that is assuming that they will still reside in Ireland ….
    My penny for what its worth

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  • So the Government can’t interject and direct where the banks distribute their hand-outs. Can we not just give them €40m less the next time they come knocking with their begging bowls?

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  • its an absolute disgrace, what kind of a country are we living in…….need i say…………………….

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  • The Banks are inslovent – they have failed, they were private businesses which failed. What happens, they should have been allowed to fail, close down. New banks could have been set up. Give the banks back to the Quakers. They knew how to do business, honestly, fairly prudently and with profit sharing for all the staff. No big inflated ego driven bonuses for failures, just profit sharing. No profit, no sharing. An ancestor of my mother’s was a Quaker banker in Cork, and a very interesting story it is too. If you get a chance pick up the book entitled ‘Merchants, Mystics and Philanthropists – 350 Years of Cork Quakers. by Richard. E. Harrison available from Ben Russell benr@esatclear.ie Lets look at new ways to live and refresh our country, we can give hope to all but we need a new paradigm.

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