IBRC (‘Anglo Irish’) board giving two fingers to the taxpayer – Video: Pearse Doherty quizzes IBRC

» John Hedges

An Phoblacht Editor

IBRC board living in a bubble

THE BOARD of the former Anglo Irish Bank and Irish Nationwide (now IBRC) are giving the two fingers to the Irish taxpayer with the Finance Minister’s admission to Pearse Doherty TD that 30 staff are on salaries of more than €200,000 – six of them over €400,000.

The Sinn Féin Finance spokesperson said the board had been asked to consider a reduction of 15% in senior management salaries but the board had refused point-blank. IBRC chiefs said they had to pay “massive salaries” to keep executives.

Pearse Doherty said on Friday:

“The reply given to me by the Finance Minister today reveals just how much of a bubble the board of IBRC and senior management at the bank are in.”

“This is two fingers to the taxpayer from senior management and executive board members in IBRC.

“It is outrageous that the Minister has not followed this up and demanded a reduction, considering the Irish taxpayer is the sole owner of this bank. It is even more outrageous that the board would turn it down.”