Dáil debates
Wednesday, 28 April 2010
Financial Institutions Support Scheme.
Kieran O'Donnell (Limerick East, Fine Gael)
The Minister wrote to all covered institutions requesting revised remuneration plans. Has any institution not sent a revised plan?
The €1 million bonus payment to Irish Nationwide's former chief executive officer, Mr. Michael Fingleton, was not covered by the CIROC's recommendations. Considering, however, that the Minister has put €100 million of taxpayers' money into the building society through special investment shares, has he written to its board requesting it pursues the retrieval of this bonus through legal channels?
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