Lenihan points to 'success' in limiting salary of former AIB boss
Former Minister for Finance Brian Lenihan has today said that he prevented former AIB managing director Colm Doherty receiving more than his estimated €3m payout by limiting his salary when he was appointed.
Mr Lenihan also said that he could not legally prevent Mr Doherty from receiving his other entitlements.
“The news this morning that a former AIB bank executive received €3m remuneration in 2010 will be greeted by anger, frustration and disbelief by the Irish public," said Mr Lenihan.
“I share these feelings.
“The public interest directors of AIB lobbied for the appointment of this individual but as Minister for Finance I was successful in imposing a limit on banker salaries.
“I ensured that a pay reduction applied to this individual upon his appointment as managing director of AIB.
“The other entitlements, including pension entitlements, were pre-existing contractual obligations and had the same legal standing for the last Government as they do for Minister Michael Noonan and his colleagues.”
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