If that doesn’t work for anyone, don’t let the door hit you on the way out.
Allied Irish Banks Plc (ALBK), which needed a 21 billion-euro ($28.7 billion) taxpayer bailout, has approached the government about setting up an incentive plan to retain top executives before the government starts selling the lender, according to three people with knowledge of the matter. Allied Irish, based in Dublin, declined to comment. “The answer is sorry guys, much better performance required before we’ll even consider” bonuses, Noonan, 70, said at Bloomberg’s headquarters in New York today. “If any executive wants to leave AIB, I’ll shake his hand and wish him fair passage as he leaves.”