Mick Barry (Cork North Central, Solidarity) | Oireachtas source

In the Minister's exchange with Deputy Doherty earlier, he made the point that Goodbody was not covered by the cap, that the State had no control over the remuneration it paid its top executives and that he was not proposing any change to the cap for AIB executives. However, what he did not deal with was the fact that if AIB takes control of Goodbody, then AIB executives can transfer over to Goodbody, and those executives can be paid €500,000-plus and the bankers’ bonuses without the 87% rate. They can find a way around the cap. The Minister indicated his support for that deal on that basis. I ask him whether he is prepared to reconsider his position on that, particularly given what the ordinary rank-and-file bank workers have to suffer at the moment.

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