Some irish economic news..

As the iol report notes

[Irish] Finance Minister Brian Lenihan will summon Irish Nationwide boss Michael Fingleton into his offices this week amid Green Party calls for the banker to resign following revelations of a €1m bonus payment.

See also Irish Times reports. But there are often unintended consequences to legislating issuing populist guidelines in haste – as RTÉ reports

A replacement chief executive for Irish Nationwide Building Society, who had agreed to succeed Michael Fingleton, has told the board he will not now be taking up the position. RTÉ News understands the executive told the society he would not be taking up the appointment because of the Government cap on executive pay at the society.

Key detail from the RTÉ report

A well-placed source at Irish Nationwide said Mr Fingleton had sought to retire at the end of February 2008.

However, the board had asked him to remain for a further year, until a successor was appointed.


Discover more from Slugger O'Toole

Subscribe to get the latest posts to your email.

We are reader supported. Donate to keep Slugger lit!

For over 20 years, Slugger has been an independent place for debate and new ideas. We have published over 40,000 posts and over one and a half million comments on the site. Each month we have over 70,000 readers. All this we have accomplished with only volunteers we have never had any paid staff.

Slugger does not receive any funding, and we respect our readers, so we will never run intrusive ads or sponsored posts. Instead, we are reader-supported. Help us keep Slugger independent by becoming a friend of Slugger. While we run a tight ship and no one gets paid to write, we need money to help us cover our costs.

If you like what we do, we are asking you to consider giving a monthly donation of any amount, or you can give a one-off donation. Any amount is appreciated.