Irish Nationwide chief to get €27m pension fund
Michael Fingleton will have a pension fund of more than €27m when he retires from his post as chief executive of Irish Nationwide Building Society at the end of the week .
The figures are contained in the building society's annual report, which was published today.
The report shows that Mr Fingleton was paid a total of €2.47m last year, but this included a bonus of €1m which he later returned to the society.
The chief executive received €2.31m in pay and bonuses in 2007.
Today's report shows that Irish Nationwide recorded a pre-tax loss of €280m last year, compared to a post-tax profit of €309m in 2007.
The society's loan book fell by almost €2bn over the year to €10.47bn, with commercial property accounting for €8.2bn of its loans and residential property accounting for €2.3bn.
