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BoI head paid almost €4m in 2006

Brian Goggin - Earned almost €4m
Brian Goggin - Earned almost €4m

The Bank of Ireland has reported that its Chief Executive was paid almost €4m last year.

Brian Goggin has become the best-paid executive of an Irish stock market-listed company.

According to the bank's annual report, released this morning, Mr Goggin earned just under €4m in the 12 months to the end of March.

Mr Goggin has worked for the bank for 38 years.

The bank's annual report shows Mr Goggin took home a basic salary of €1.1m but earned almost twice that by way of a performance bonus.

He earned further money by way of other payments including stock options.

The Chief Executive of AIB Group, Eugene Sheehy, earned a total of €2.4m last year.

Anglo Irish Bank’s Chief Executive David Drumm earned just over €3m in 2006, in his first full year at the helm.