Newstalk
Newstalk

11.03 8 Nov 2012


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Two senior Cabinet Ministers are calling on former senior executives at Irish banks to give back some of their pensions.

Earlier this week the former head of AIB Eugene Sheehy took a pension cut of up to €75,000 following pressure from the bailed out bank and the Taoiseach.

Enda Kenny told the Dáil that former managers of AIB had a ”moral responsibility” to reduce their pensions over the failure of the bank.

Referendum on bankers pay?

This morning the Education Minister Ruairi Quinn said more bankers should follow the lead of Mr. Sheehy.

Meanwhile an independent TD is calling for a referendum on bankers pay and pensions.

Shane Ross says it could be useful to put the pressure on those enjoying top level packages to give some of them up.

The Dublin-South Deputy says it could be worthwhile even though legally-binding contracts cannot be broken.

Transport Minister Leo Varadkar agrees also agrees that more at the top should consider giving something back.


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