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04/02/2009
Cowen Chops Fat Cat Wages
The Taoiseach has told the Dáil that all the top bankers of recapitalised banks are to take a 25% pay cut.
Earlier this week, Mr Cowen said the Government was planning to inject €8bn of taxpayers' money into AIB and Bank of Ireland to help them through the credit crunch, but now he wants Bank leaders to be penalized for the taxpayer handout.
Bank directors' would see their fees cut by 25% if the recapitalisation plan they have been crying out for goes ahead.
Mr Cowen added that he would expect top executives to face an upper limit on remuneration that is at least 25% below what it is at the moment.
Top bank directors can command a salary healthily in the seven-figure bracket, whilst claiming much more in share value bonuses.
(DW/BMcC)
Earlier this week, Mr Cowen said the Government was planning to inject €8bn of taxpayers' money into AIB and Bank of Ireland to help them through the credit crunch, but now he wants Bank leaders to be penalized for the taxpayer handout.
Bank directors' would see their fees cut by 25% if the recapitalisation plan they have been crying out for goes ahead.
Mr Cowen added that he would expect top executives to face an upper limit on remuneration that is at least 25% below what it is at the moment.
Top bank directors can command a salary healthily in the seven-figure bracket, whilst claiming much more in share value bonuses.
(DW/BMcC)
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'Decision Week' For Executive To Agree 2024/25 Budget – UUP
The Ulster Unionist Party has said it is "decision week" for the Executive to agree a new 2024/25 Budget. Party leader and Upper Bann MLA, Doug Beattie, reiterated his warnings of the damage being inflicted to key services the longer the void in this year's Budget continues.
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Housing Crisis Must Be Priority Of Incoming Govt - FF
Fianna Fáil has said that it will prioritise homelessness in the new Dáil. The party's spokesperson on Housing and Environment, Barry Cowen, said that reports by homeless campaigner Fr Peter McVerry claim that up to 3,000 children could become homeless by 2017. "This is one of the biggest crisis to face the State in recent history.
Housing Crisis Must Be Priority Of Incoming Govt - FF
Fianna Fáil has said that it will prioritise homelessness in the new Dáil. The party's spokesperson on Housing and Environment, Barry Cowen, said that reports by homeless campaigner Fr Peter McVerry claim that up to 3,000 children could become homeless by 2017. "This is one of the biggest crisis to face the State in recent history.
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FF Restate Commitment To Assist Distressed Homeowners
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FF Restate Commitment To Assist Distressed Homeowners
Fianna Fáil have restated their commitment to assisting distressed homeowners facing repossession. The party's Spokesperson on Environment and Local Government, Barry Cowen, said that assisting people in mortgage arrears and families at risk of losing their home through repossession must be a priority for the next Government.
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Fianna Fáil Raise Concerns Over Staff Levels At PRTB
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Fianna Fáil Raise Concerns Over Staff Levels At PRTB
Staff levels at the Private Residential Tenancies Board (PRTB) have fallen by almost 50% in the last five years, according to Fianna Fáil. Spokesperson on environment and local government, Barry Cowen, said that the staff cutbacks were revealed by figures obtained by Fianna Fáil through parliamentary questions.
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22 Homes 'Little Comfort For Homeless People' - FF
The announcement of the delivery 22 modular homes before Christmas has been described as "little comfort for homeless people" by Fianna Fáil Spokesperson on Environment and Local Government Barry Cowen. Deputy Cowen said that as of September, 738 families are homeless in Ireland with the vast majority of these based in Dublin.
22 Homes 'Little Comfort For Homeless People' - FF
The announcement of the delivery 22 modular homes before Christmas has been described as "little comfort for homeless people" by Fianna Fáil Spokesperson on Environment and Local Government Barry Cowen. Deputy Cowen said that as of September, 738 families are homeless in Ireland with the vast majority of these based in Dublin.
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