Allied Irish Banks
(AIB) denied that it will soon pay 40 million euros in bonuses to its employees,
The Irish Independent reported on Jan. 28.
This news comes even though Labour Party finance spokesperson Joan Burton had recently said the the bank was "committed" to paying these bonuses, the paper reported.
AIB said in statement that it wasn't making "any such payments," reported The Irish Independent.The Irish Independent said more than 2,000 AIB staff were eligible for bonuses connected to work carried out in 2008, but haven't received them due to widespread controversy over the incentives. Some employees have been seeking legal action on the matter. The payout of these bonuses have been controversial given AIB's receipt of 3.7 billion euros in state aid during the banking crisis last year; Allied Irish Banks is now essentially a government-owned entity.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV