Francesca McDonagh’s decision to leave Bank of Ireland has once again highlighted the thorny issue of salaries and bonuses in Irish banks. And, despite the complaints of bankers, the government will be ultra-cautious about relaxing the current regime any time soon.
Even at €292,000, Robert Watt is arguably good value to manage a €22bn budget in the Department of Health. But the real issue is the nature of the public sector, where performance and pay are not linked.
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