Results 8,301-8,320 of 26,043 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: The specific form of a guarantee you were looking for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And if you were looking for both Anglo and Irish Nationwide to be nationalised?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Did ye have further discussions, communications with Government or officials in the Financial Regulator after the guarantee was put in place on the night of the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Can I ask you ... yes, can I ask you in the context of AIB C3b, Vol. 2, page 45, Project Omega, what was Project Omega?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Finance.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Not discussed by the board. Why not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Okay. And did the board accept that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: So it was it was made known to the board.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Specifically. And in that ... this is a presentation to the board ... did you make this presentation, Mr. Sheehy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: But it wasn't...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And can I ask you, put in there, it said: ''In addition any transaction should only be undertaken following full due ... and would require significant Government support. Were the Government ... the Minister for Finance was he ... had he made put forward to you that they would be willing to provide support if AIB took over Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And did you go back to the Minister to say that would not happen, that ye were not...?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: The final thing I want to check is on remuneration. And, Mr. Sheehy, your salary peaked in 2006 at €2.4 million per annum.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Total compensation, but €1.3 million of that was a bonus, right. The question I want to ask is: how could you justify such a salary? And it would appear that the remuneration scheme for higher executives was brought in under your watch, Mr. Buckley, so that you had a situation up to '04 where the bonuses weren't crazy relative to salary up to '04, but from '04, '05 on-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Can I ask-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Mr. Sheehy, can you explain how you ended up on a salary of €2.4 million per annum and how can you justify that? And was your remuneration policy ... did it build in any element of risk in terms of a judgment of property transactions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: If I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Well you'll appreciate time is limited.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And the can you justify a salary of €1 million a year, a basic salary at that level in '06-'07?