Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mr. Patrick Long:
The first question that the Deputy asked just now is the one that I would prefer to address first which was Lazard's success fee meant we got paid more the higher the price we achieved for the sale. I would have thought that as an Irish taxpayer the Deputy would view that positively. If we sell a portfolio at a low price, we get a low fee. If we sell a portfolio at a high price, we get a higher fee.
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