Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

I wouldn't do it with huge numbers of people, I'd do it with a small number of people. Because that's the way you incentivise people, everybody had their objectives ... they were all measured against their objectives. The jobs were benchmarked against private sector jobs by Mercers and we were given the quartiles, deciles everything else and we were given how we should structure bonus schemes. And I mean I, sorry ... I mean, I'm a believer in the bonus ... look you have to incentivise people.

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