Results 6,221-6,240 of 26,032 for speaker:Kieran O'Donnell

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: I asked Mr. Poole previously about the total wages. He provided a document earlier in which he gave the management charges from RehabCare, National Learning Network, Rehab Enterprises and Rehab lotteries and fund-raising. There is a heading entitled "director of services division" and there is €140,189 in RehabCare, €140,134 in National Learning Network, in Rehab entertainment...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Whose salary?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Does any of that charge relate to the CEO? Is there any management charge for the CEO put into the companies?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Yes, but I just wished to be certain. Looking at the salaries there, am I correct to say there is €12 million in income coming to the Rehab Group?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Of that, €4.7 million comes from shared services and the charity lotteries is €3.1 million. In essence, the shared management services makes up 53%-----

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: -----of the €8.9 million outside of the charity lotteries to bring it up to €12 million.

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: It is 52% or 53%. Of the shared management services, €3.55 million comes from National Learning Network and RehabCare, which are companies that are funded virtually entirely by the State. They account for approximately 40% of the €8.9 million. Is it a fair observation that 40% of the CEO's salary is funded by the taxpayer? Will Mr. Poole respond to that as an accountant?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: As Mr. Poole is well aware, figures never lie. Looking at the figures, the shared management service is coming from the two companies that are funded virtually entirely by the taxpayer, whom we represent. The figure from National Learning Network is €1.511 million and for RehabCare it is €2.039 million, which is a total of €3.55 million. Mr. Poole said the charity...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: That leaves €8.9 million, and €3.55 million of that comes directly from money provided by the taxpayer.

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...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: In conclusion, no one denies the great work Rehab has done but, equally, we are elected by the people to do a job which boils down to the following. In terms of Rehab's overall funding, 52% comes from the taxpayer and, in terms of its Irish operations, the figure is well in excess of 70%. Plus, over 40% of the former CEO's salary was funded by the Irish taxpayer. We, as politicians, are in...

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.