Bank of Ireland blames Irish pay cap
Bank of Ireland blamed state-imposed curbs on bankers pay. Chief Financial Officer Myles O’Grady would leave the bank and join Irish food group Musgrave. Ireland capped executive pay at 500,000 euros a year. This is during the euro zone’s costliest banking rescue, which was more than a decade ago. All forms of variable pay and fringe benefits were banned. Bank of […]