15 December

After the bailout that skyrocketed Ireland’s deficit, Irish bank AIB – which is majority-owned by taxpayers – paid €700,000 in bonuses to just two senior executives in the first nine months of 2010. Another 41 managers shared a €3.06m bonus budget. Furthermore, Irelands Finance Minister Brian Lenihan admitted that about 300 employees of the bank received individual salary increases for the total sum of €3.4m in the first nine months of 2010.