Oireachtas Joint and Select Committees

Thursday, 13 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: AIB

12:10 pm

Mr. David Duffy:

I will ask Mr. Bernard Byrne to provide the exact number of people. The number of people earning more than €100,000 has reduced by 40% during my tenure over the past three years. Significantly, while we or the Deputy may have an opinion on this, I have managed to lose in excess of 20 very senior people who are being paid significantly more, in Ireland, by competitors and in other industries. If I must run a commercial enterprise to get the €20 billion back, I must be able to focus on managing it commercially. In such cases I may need talent levels which cost this much. However, we have materially reduced the number and we expect to be able to generate the returns the Government requires.

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