Oireachtas Joint and Select Committees
Thursday, 8 May 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
12:55 pm
Mr. John Moran:
The advice was along the lines I said, which is that we had a number of different considerations to take into play, including what was the objective performance of the bank over that period of time, a large measure of which is the valuation of the shareholding. We talked earlier about the AIB gap of €6.5 billion. If we were to find that the AIB management team and others were to find a way to close that gap, we would be very happy as shareholders in respect of the bank shareholding at the end of the year. I do not believe we would be sitting here quibbling about this amount of money; we would be finding ways in which we might reward the management team.
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