Oireachtas Joint and Select Committees
Thursday, 30 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Fintan Drury:
Okay, the growth in share value - and I can only speak personally, clearly - the growth in share price ... value was not something that I ever believed in as being a make ... a means by which one should establish, or try and establish, the success or otherwise of any organisation, because I believe it is a particularly limited view to take of a business. So, for example, whether it was Paddy Power, Anglo Irish Bank or any other business that I was involved in, the growth - even a private business with shares that weren't traded on the Stock Exchange - the growth in the share value, for me, was not what the business and the people involved in the business should be focused on, or would be focused on. So, as a board in Anglo Irish Bank, I don't remember - and I'm sure there would have been discussions about share price from time to time - but I don't ever remember that being a focal point for the board in terms of determining whether or not the business was being ... was successful, and that the only means of judging the success of the business was where stood the share price.
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