Jenkins has been under pressure as the higher payouts were made after a year in which Barclays' profits slumped to £5.2bn.
Lenihan went on RTE's Morning Ireland today to defend the late decision to intervene in the bonus row and block the €40m payouts.
Under that pressure, and probably facing total collapse, the AIB board met on Monday afternoon in its Dublin HQ and later announced that it was withdrawing the payouts.
A cut in the annual allowance to £30,000 would start to affect those earning much above £100,000 a year, particularly people in final salary type schemes According to the financial advisers Hargreaves Lansdown, "a lifetime allowance of £1m would cap final salary scheme payouts at £50,000 a year and money purchase payouts at around £32,000 a year (based on an inflation linked annuity)" it said.
Next is to dump the executive bonus scheme that produced multimillion-pound payouts that the chief executive, Lord Wolfson, has shared among staff – although the existing pot could continue to pay out for nine more years.
The low bar for incentive payouts is justified due to Camden's dire circumstances, said Timothy Lizura, president of the EDA.
"For Network Rail's remuneration committee to rename bonuses as retention payments and tell the AGM that bosses will quit if they don't get these payouts is a completely unacceptable way to put pressure on the body that exists to hold the company to account.
The JOHCM and Schroder funds have historically committed to increasing payouts, while the Newton funds give exposure to dividends from companies in Asia and other emerging markets, but expect "bumps along the way".
The boss of Exxon, Rex Tillerson, was paid $33.1m last year including bonus payouts linked to projects including the first well in the Kara Sea, in the Russian Arctic, and the expansion of the Kearl tar sands operations in northern Alberta, Canada.
With his reputation in tatters and facing an election next month that is likely to sweep his Fianna Fáil party out of government, Lenihan may be hoping to retain some dignity among his furious electorate by halting the bonus payouts at a bank that is likely to be nationalised in the coming weeks.
Most police-misconduct payouts come through settlements, which allow the Chicago police department to withhold admitting that wrongdoing actually occurred.
