Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Gary McGann:

In theory, Chairman, it should have helped a sustainable business model because the weighting of the economics, if the business was successful and reflected in the marketplace, would be that the economics for the management would have been better from a sustainable, long-term programme rather than a short-term one. That's not to say that the short-term, obviously, as we've discussed already, wasn't attractive but the weighting was towards the longer term. Now, as you know, over time this is all evolved and, indeed, the argument is that it should be even more weighted long term and with claw backs.

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