Bank of Ireland pays up for senior talent

Brian Goggin received a bonus of €1.3 million last year, reports the Irish Times. The healthy payout was 46 per cent of his total pay of €2.8m, which was itself up 31% on the previous year.

Goggin's windfall comes despite a 32% drop in profits at Bank of Ireland over the past year. But he wasn't the only one cashing in. Finance director John O'Donovan, reportedly received a package of €1.1 million, including a bonus of €405,000. The bank's governor, Richard Burrows, who was appointed in July 2005, was paid €336,000. Deputy governor Denis O'Brien received fees amounting to €124,000. And the bank's retired governor, Laurence Crowley, was paid €116,000.