Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

Subsequent to receipt of a bonus, no, there was no claw-back. I'd imagine, Chairman, that there would have been more significant employment consequences to that extent, so one's job would be at risk, so ... I should say nobody ever set out to do anything on the basis of incentives in remuneration, that generally my experience had been, that was not a driver of people's performance particularly.

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