Documents detail Government thinking on bankers' salaries in final AIB share sale

Finance minister Paschal Donohoe asked for three-week delay as sale would 'inevitably refocus the discussion around the topic of remuneration', and the salary cap for bankers
Documents detail Government thinking on bankers' salaries in final AIB share sale

In mid-June, officials submitted a second submission on the sale, saying it would 'trigger an opportunity re: salary cap'. File picture: Reuters/Jason Cairnduff

Finance minister Paschal Donohoe asked for a three-week postponement on the final sale of the State’s stake in AIB so he could consult Government about the bank’s exit from “crisis relationships.” 

Senior officials had sought permission to carry out a “clean-up share disposal” on May 23 to finally end State ownership in the bank after the financial crash.

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