Oireachtas Joint and Select Committees

Thursday, 22 November 2012

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011

11:50 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Mr. Corrigan has helped me understand that it is unlikely that this money ended up in someone's personal bank account. It is important to clarify that. The question that has been bugging me all day is where the money went. We have eliminated one option. Is it not feasible to suggest that individuals' compensation is tied into the performance of their business unit? This so-called clipping improved the performance of the business unit. The pay levels of the individuals involved would, therefore, have increased as a result of an artificial gain in how the business unit performed.