Oireachtas Joint and Select Committees
Thursday, 1 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Discussion with Bank of Ireland
12:50 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
A portion of the €4.8 billion is funding a pension of €650,000 a year to Mr. Brian Goggin, former CEO, and the salary for Mr. Boucher, who was previously deputy CEO with responsibility for retail mortgages, to the tune of approximately €620,000 plus benefits, which would bring him close to €900,000. Mr. Boucher is probably in line for a pension of the order of €400,000. He is clearly well prepared on a PR level to answer no questions. Where is his moral compass in all of this? The problem is that Bank of Ireland sold products during the boom that people could not afford.
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