Irish bonus babies:
“They were told that the bonus for 2008 was being brought forward and would be paid out on 25 February – two months before the normal date.
“The staff were explicitly told that the meeting they were then having constituted a verbal contract which was legally binding.
“In other words, senior managers at the bank created a legal obligation to pay the bonuses in AIB as it was effectively being nationalised. Staff were told to keep all of this to themselves.”