Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The Irish people are the biggest shareholder. I have not heard many of the Irish people say they want to bring in deferred annual share plans for the top executives of AIB. The minority shareholders might have that view but I believe the Irish people, who have 75% of the bank, have a different view. The proposal AIB announced in its plan last year was extremely presumptuous. What it announced required us as legislators to change the law for the bank, without any consultation or the like. I would strongly oppose that. Is the plan for the deferred annual share plan, which was to benefit the top executives in AIB to the equivalent of an annualised salary, now dead in the water as a result of the Minister blocking it last year or is it something Dr. Hunt, as CEO of the bank, intends to pursue with the Minister? Has the bank dropped this idea or is it still a live option?