Bank chief's earnings rise 58%
Bank of Ireland has reported that its chief executive has become the best paid executive of an Irish stock market listed company.
According to the bank's annual report this morning, Brian Goggin earned just under €4m in the 12 months to the end of March.
That means his wages have risen 58% on the previous year.
Mr Goggin's basic salary was €1.1m but he earned almost twice that in a performance bonus.
He earned further money from other payments.
The chief executive of rival AIB Group, Eugene Sheehy, earned a total of €2.4m last year, while Anglo Irish Bank's chief executive David Drumm earned just over €3m in 2006, in his first full year at the helm
The chief executive of the biggest listed company, CRH, earned €2.6m.
Those figures generally exclude the value of company share options, which further enhance the value of company executives' employment terms.
