Actually, ALL of AIB's capital markets staff will receive 2008 bonuses before Christmas

Anonynmous. You did not own us in 2008 when these payments should have been made. How can you legally enforce a non payment in a company you did not own ? Can you explain that to me. Noone in Capital Markets expect to be paid for 2009 & 2010. We are not arguing against your points above.

Those of us that do have contracts that clearly state that we should get a 10% commission rate on profit we generate (in all years) could enforce those contracts . We have chosen not to do so.

@Tony -- business divisions could indeed have different remuneration packages within the same company, that does not mean that when the company is insolvent that any profits generated by one division could still be ringfenced for remuneration for that division.

A lot of you complain about how this is "anti-capitalist" to demand that bonus entitlements be rescinded. But that is entirely in keeping with capitalism that financial rewards not be made to employees of an insolvent entity.

Blame your fellow AIB colleagues for not doing their job and thus causing you to lose out on your own bonus payments, but don't you dare blame the Irish taxpayers for not looking kindly at paying your bonuses when the whole economy is already suffering immensely as a result of the folly of the banking sector. It is unseemly, to say the least, to blame the public, especially when we now basically own you.

And if you continue throwing insults around, blaming your fellow taxpayers as "stupid" (for taking loans that your company offers) or "communist" (for our temerity to NOT pay you a bonus for services rendered back in 2008, when the credit crunch started), then you deserve all the opprobrium y

There appears to be quite a number of AIB staff on this thread, so of course their arguments, such as they are, are entirely self-serving.

None of you have yet been able to point out how AIB could manage to pay bonuses without state aid. Without state aid you would not even continue to have a job, and yet here you are berating the state for being "communist"? Biting the hand that feeds you, I see.

Seems like you are actually the ones who are taking social welfare from the state disguised as past "performance related pay"? The 40 million euros did not materialise out of whatever number of millions you generated for AIB in the past, they are still there only because of the bank guarantee and the capital put up by the taxpayers to enable the continued existence of AIB. Yet you treat this money as a lump sum sitting in the bank waiting to be milked.

Given that you will not even have a job if not for state aid, perhaps a fairer deal for the taxpayers would be if you lot deduct the cost of your 2008 bonus from your monthly salaries?

And yes, the "best and brightest" do leave. That's what happened to thousands of Irish professionals OUTSIDE of the banking sector.

Alan "people in small parts of the bank " . Irrespective of banking, so no business can link the profits an individual makes to their renumeration irrespective of the performance of the group as a whole. Seriously I cant see why not ? I do not see why different business can not have different ways of dealing with staff depending on the nature of the business. We do it in the insurance indusrty.

Well it seems FF finally got their head around market forces. Turn off the financial tap and see how AIB manage to pay out a bonus.
It seems odd to me that people on this thread would want to treat the profitable parts of AIB as separate entities that can hand out bonus independently of the performance of the overall AIB organisation.
As if the Irish taxpayer has a moral responsibility to pay the bonuses of people in small parts of the bank that actually made a profit. This is the sort of banking group think that I hope we manage to eradicate in the coming years. And please, no more of "the best and brightest will leave". You've played your cards, and the country's in the toilet as a result. Thankfully we have at least realised that banks are not the best foundations on which to build your economy. Take you ball home/abroad. We want to play a different game now.