Ever wondered who earns the most in Ireland at a regular day job ? Well figures released today suggest that Bank of Ireland (www.boi.ie) chief executive Brian Goggin earned almost €4m in the 12 months to the end of March or €3,998,000 to be precise, or just under €11,000 a day. In the previous year he earned a measly €2.5 million. This isn’t bad for the 55 year old who joined BOI in 1969. Really this figure is only a small percentage of their €986 wages and salary bill for 2006 for their 15,952 workers. Mr Goggin is touted as the highest paid executive of an Irish stock market listed company. His rival at AIB (www.aib.ie) Eugene Sheehy, chief executive of the AIB Group, earned €2.5m last year.
So do you think these guys are worth their weight in gold ? Is such a high salary necessary to keep them in their positions ? Or were they actually worth that to the company ? Who knows, but I guess these guys (and the tax man) are laughing all the way back to their respective banks !
Edit : those of you who would like to see a picture of Eugene Sheehy, check blogorrah.com.
There are a few execs in the ESB making that much dosh as well, well maybe not THAT much. About a million less, give or take a few hundred thousands.
I had a drink based conversation with one of the mangers when I worked there last year. There is a real ‘job for the boys’ mentality in there but I suppose that’s the same for all semi-states.
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I guess €4m for being in charge of such a big bank isn’t that bad. But seeing that he earns more in one weeks that I do in a year is a bit disheartening. Especially when you try to get a proper customer service at BOI
ill do a dance for all that money!
*jiggle*