Cowen: Doherty's wage will not exceed Govt limit
18/11/2009 - 11:11:44The Taoiseach Brian Cowen has told the Dáil that AIB executive Colm Doherty will take over as managing director of the bank on a salary which does not breach the Government's €500,000 cap on bankers' pay.
Yesterday, the Cabinet refused to allow Mr Doherty take up the job on his existing salary of €633,000.
Mr Doherty had been chosen to fill a new post of managing director at the bank yesterday.
But Finance Minister Brian Lenihan had said the Government has refused a request to exceed the pay limit set down.
