Results 2,841-2,860 of 26,021 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: Limited time is available. I know Mr. Boucher well because I brought the CEOs of the banks before the finance committee in 2008. I am struck by their lack of moral compass. Nothing has changed although we are in a completely different space now. Mr. Boucher is not answering questions. I will put a couple of questions to him. First, have the top level CEOs in the banks taken any...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: When?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: Have any reductions been introduced since then?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: What pension is the former CEO, Mr. Brian Goggin, in receipt of currently?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: It is publicly disclosed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: I think it is of the order of €300,000 but I hear someone say that it is €650,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: Did the bank have a shortfall in its pension fund?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: How is the bank funding that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: How is the bank funding the shortfall? The bank is required to fund the deficit in the pension scheme.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: My question is whether any of the shortfall is being funded by the bank itself.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: Is it correct to say that some taxpayers’ money that went into Bank of Ireland is going to fund the deficit on a pension scheme that is paying €650,000 to the CEO that was in place at the time the bank had to depend on the kindness of taxpayers to bail it out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: Am I correct in the assertion that Mr. Brian Goggin is on a higher pension than Mr. Boucher’s current salary?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: Second, if Mr. Boucher were to retire in the morning, under the rules of the scheme, what percentage of salary would be given by way of pension?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: If one were to work on the basis of those figures, that is €620,000 divided by three and multiplied by two, which means he would be on a pension of more than €400,000.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: Given the situation, does Mr. Boucher not find that mind boggling? He has the distinction of being the only top level management CEO still in place from the time of the crisis. When did Bank of Ireland introduce 100% mortgages for home owners?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: In terms of the loans in arrears for more than 90 days I see a spike in 2006 and 2007. In 2005 it was 9.8%. In 2006 it was 12.3% and in 2007 it was 12.5%. Bank of Ireland is responsible for many of those people being in arrears. It is not good enough to come before the committee and say that the bank must recover the maximum amount of loans. The bank irresponsibly gave out 100% loans at...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: No, I am asking whether write-offs have been provided to individuals.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: What is the total amount of money put into Bank of Ireland by taxpayers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: A portion of the €4.8 billion is funding a pension of €650,000 a year to Mr. Brian Goggin, former CEO, and the salary for Mr. Boucher, who was previously deputy CEO with responsibility for retail mortgages, to the tune of approximately €620,000 plus benefits, which would bring him close to €900,000. Mr. Boucher is probably in line for a pension of the order of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)
Kieran O'Donnell: I am putting a question and then a final comment.