Chairman of Bank of Ireland Patrick Kennedy met Mr Donohoe in June to express concerns over the cap on bankers' pay.
The minutes also show that other topics covered included an update on the search for a new Group CEO at Bank of Ireland and a discussion about the current phase of the Government's trading plan, which is designed to reduce the State's shareholding in the bank to zero. "They create an uneven playing field between the bank and other corporates, both banking corporates and non-banking corporates, with whom we compete for talent," Mr Kennedy said.
. "Government policy on banking remuneration has remained unchanged since the financial crisis, which is over a decade ago," the department said.
But why do they need the talent? What do they do that someone on HALF A MILLION euros can't do bankofIreland PatrickTKennedy
Do we know why other industries don't have a problem recruiting 'talent' despite paying less that half a million euro?
Retained Firefighters on call 24-7 with zero work life balance on terrible salaries along with nurses and other frontline staff the banking industry need to take a rain check !! 😡
Heartbreaking news 😢
Just look at the brain trust we had back before 2008 when they were paid fortunes and got millions in bonuses
Don't know a poor Banker..
When they say talent that's code for jobs for the boys. Do not publish their crap about woe is us devoid of talent below 500k
Banks are still making millions. The apparent lack of talent is not having much of an impact.
Rewarding failure is not the answer.
Get to fuck
How come we never hear this argument about doctors and nurses? I can think of a whole bunch of talented people who could do with more money. None of them are bankers and all of them are more useful.
Nurses still making peanuts with no bonuses at all!
I don't mind people getting paid, as long as they understand that if (or when) they manipulate accounts, price fix, or commit any financial crime, they Will be subject to criminal conviction and a serious prison term.
Just give them charitable status like with the vulture/property funds. Not for profit for Irish citizens.
Talent! Like the talent who caused the financial meltdown? What they really mean is incompetents motivated solely by greed! MichealMartinTD LeoVaradkar MaryLouMcDonald PearseDoherty Paschald
Now I see the tracker mortgage scandal was because they hadn’t the best in there sure that’s ok so 😡😡😡😡😡😡😡😡
Where does one start with this bollox
They should be more concerned with the people they couldn't retain on $25,000 because they haven't kept up with COL
This encapsulates everything that is wrong about Ireland and society at large. The thought of being privileged enough to earn 500k should be the incentive. We really need to hit the reset button.
As a user of AIB's online banking website, this story checks out
Hm, most of the top “talent” seems to be involved in inside trading, exploiting monopolies and inflating speculative bubbles. Is that “talent” really necessary, or even beneficial for the banks and the financial system?
Talent Irish banking suffered the second largest property collapse in human history , destroyed our sovereignty and made us vassals of the IMF. That kind of talent ?
Tell them they can have 600,000 if they have zero maintenance fees and zero current account charges. Let's see how talented they are then!
People who create currency out of thin air. Indeed what a talent. I believe a cleaner would be more than qualified for the job. If 500k a year is not enough for one of those snob, imagine more down to Earth people earning 3 times, 5 times, 10 times less or worse...
Rediculous!
Oh god love them
What talent is that, people who make profits on the backs of hard working citizens
But the last talented bunch of bankers, who weren't on a pay cap, bankrupted the country 🤔
Most health care workers are still waiting on their 1000 euro payment, but levels I guess
Talent for what? WhatService from Irish banking sector is dire. Doing everything to stop Revolut
The 'talent' that intended to close rural banks and can't maintain ATMs and destroyed peoples lives in the tracker scandal. That's a rare 'talent'.
After us bailing out their asses.
I can also see that the €15000 pay cap for cleaners makes it difficult to attract and retain talent. They work to a sweat and have never brought the country to their knees.
Jeeze the poor feckers. 😢