Results 19,901-19,920 of 26,148 for speaker:Kieran O'Donnell
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: That is 40% of €8.9 million.
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: So it is fair to make the deduction that 40% of salaries that are paid by the Rehab Group company are funded by the taxpayer.
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: That is the purpose of today's meeting.
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: Therefore, 40% of Ms Kerins's salary, at a minimum, was funded by the taxpayer. The second question relates to the terms of reference for the Towers Watson report. Who set those terms of reference?
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: For comparative purposes, Concern would be an organisation with a similar turnover. I believe, if I am correct, that €128,000 is paid to the CEO. If one looks at it in terms of the Irish set-up, and we looked at it prior to Mr. Poole bringing in the information, well in excess of 70% of the income is funded by the taxpayer. A lot of the contracts are public in nature. Why did Rehab...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Obviously that would not be the first time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: So people are going to have knock on another door.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: I welcome this second attempt. I want to be consistent with all of the banks and ask each one the same questions. People watching will realise that is what I am doing even though I have asked the questions in a different order. How many of the bank's staff deal with the legacy of arrears mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: What about home loans and buy-to-lets?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: That means there are 500 people who deal with the hardcore cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: A section in the code for mortgage arrears mentions the payment of incentives - possibly paid bonuses - to staff involved. Are any of the bank's staff paid bonuses?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Are bonuses paid across the sector?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: What about within the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Has that always been the way?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: But have bonuses been paid in recent times?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: In the last three years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: No bonuses have been paid in the past three years.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Does that apply across the entire organisation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Bank of Ireland is the last institution to attend here. We have not seen some of the others. Perhaps the Chairman will decide whether we need to examine this. A common feature among the institutions is that a large number of the solutions to mortgage arrears are legally based. I took a quick look through the bank's figures because I wanted to be certain that I am operating on the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: The figure is very high.