'In 2007, Mr Drumm received a basic salary of €956,000 and an
annual performance bonus of
€2m. His total remuneration, including pension benefits, was
€3.27m. The previous year, he received a basic salary of €818,000 and a
bonus of
€1.3m. Total remuneration was just over €3m.
Five executive directors, including Mr Drumm, were paid a total of €8.5m in 2007.'
Is this reporter on somebody's payroll, why no critical analysis of press releases?
http://www.independent.ie/business/...-as-bosses-forgo---their-bonuses-1562936.html
THERE WILL BE JOB LOSSES AND POSSIBLY BANKRUPTCY
http://www.independent.ie/business/...e-83642bnplus-to-cover-bad-debts-1562934.html
'Speaking to analysts and journalists separately yesterday, the bank's chief risk officer and finance director,
Willie McAteer, warned that in a worst-case scenario Anglo Irish Bank could lose between €1.28bn and €2.76bn in loan write-offs over the next three years.
He clarified that such losses would only arise in a "very distressed" situation.
His stress test was based on the prediction that in the highest potential losses would be incurred on its €8.9bn residential loan book, and with between 20pc and 30pc of its €7.9bn commercial development loan book resulting in losses.'
What does he think this is, relaxed situation ? Spoofers. Why do they still have a job ?