Cowen Tells Bankers to Feel the Pain with a 25 Per Cent Pay Cut [Eire Region]

Daily MailFebruary 12, 2009

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Summary


TOP bankers will be expected to take a 25 per cent pay cut if their firm is recapitalised, the Taoiseach told the Dail last night.

Brian Cowen said new executives in 12 financial institutions should also have a cap on pay - which would knock a quarter off current salaries.

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Cowen Tells Bankers to Feel the Pain with a 25 Per Cent Pay Cut [Eire Region]

Speculation has mounted this week that the Government would inject E...

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