Someone said :
AIB withheld bonus payments to junior and mid level staff because the Minister of Finance said not to pay it. I'm no expert in contract law but I seems odd that contracts for senior staff can't be broken despite the intervention of the Minister and sole shareholder but junior staff can have their contracts torn up at will.
Don't get me started on that!
With AIB it's a bit different because of the fact that there's those new banking laws and because of it it'd probably take a Supreme Court case to get a decision, a bit of a risk for a staff member! But my basic position would be the same. They were all working in capital markets, which is a very profitable division. Because of this, Treasury is apparently haemmorhaging staff, something which could hurt long term profitability. What pissed me off most about this was that it was known for a month (since a very public court case) that the bonuses were going to be paid but the smart heads in the press only found out the week the money was due to be handed over. Only then did the government move.
Bottom line, his contract stipulated extra money for meeting targets. Once they were met he, or anyone else should be paid!