Bank of Ireland chief executive gets pension top-up of €1.49m Irish Times
16.04.10
CIARÁN HANCOCK Business Affairs Correspondent
BANK OF Ireland chief executive Richie Boucher received a top-up to his pension of €1.49 million last year. This was part of a total remuneration package worth €1.99 million for the bank boss.
These figures are outlined in the company’s annual report for the nine months to December 31st, 2009.
The bank said the top-up was to meet “contractual arrangements that now include an option to retire at age 55 on a pension of circa 59 per cent of his salary”. Based on his current salary of €623,000, Mr Boucher will receive a pension of €367,570 a year.
The bank’s normal retirement age is 60 for its executive directors, who are usually entitled to receive a pension worth two-thirds of their salary.
A spokesman for Bank of Ireland said the pension payment had received “all the appropriate approvals” from the Department of Finance and the National Pension Reserve Fund, which holds a 15.7 per cent stake in the bank on behalf of the State.
Source:
Green car incentives coming to Israel
The eagerness to reward green car buyers for their purchases now looks likely to extend to Israel, where the finance ministry is planning new regulations on car purchasing according to Reuters.
The changes planned are meant to alleviate increasing air pollution as well as save energy costs. It is expected that the cars with the highest fuel consumption levels, such as SUVs, will face increased taxes and duties. Meanwhile, there will be discounts for people who buy hybrid cars and a scrappage scheme style payment for those that get rid of older cars.
Currently, purchase tax on many car models is 77 per cent of the car’s imported value - this percentage is expected to rise to 92 per cent. Fuel taxes have also been increased in recent weeks with further rises expected.
It’s a difficult time for car buyers in Israel, but with taxes on hybrids to be cut by 30 per cent, there is at least some light at the end of the tunnel. The Government hopes that people will be induced into buying environmentally friendly cars due to special tax reductions and to junk old cars that are more than 20 years old thanks to special rebates of 3,000 Shekels for getting rid of the older vehicles.
However, the concept has been criticised in some circles with critics pointing out that the reason so many owners do not buy newer cars is because of the high import duties and purchase taxes. There is also no mention of electric cars despite the fact that charge stations are being built in association with Better Place.
In software, open platforms allow third parties to add functionality to a basic framework—providing, as O'Reilly Radar explained back in 2007, tools and services that the platform provider has not gotten around to yet or has not done well.
But the FDIC didn't cover competitors such as Caterpillar Inc. or smaller equipment providers. So the Equipment Leasing and Finance Association, a trade group, lobbied the Fed to expand the TALF program to sales of farm equipment and other machinery.
GOP should favor health overhaulPicis, a provider of information systems for hospitals, looked at health care perceptions by citizens in the United Kingdom, the United States, Spain and France last year. More Americans (63 percent) than Frenchmen (54 percent) believed that the
(4659 JQ): The inventory services provider said May sales fell 5.6 percent from the same month a year earlier, its first drop since December. Ajis slipped 1.4 percent to 2120 yen. Benesse Corp. (9783 JO): The educational services provider said it will
The Best Online Tools for Personal FinanceWith credit scores determining everything from car-insurance rates to getting a mortgage, “understanding and managing your credit score is incredibly important to your entire financial life these days,” Mr. Shevlin says. He suggests CreditKarma.com,
