Results 901-920 of 1,974 for speaker:Arthur Spring

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Arthur Spring: Any institution which has gone onto the rocks and been saved by the people should internally have carried out an investigation to find out why such a mess was made, who was responsible and whether they should be culpable, rather than, if they made a mistake, getting handsome and rather brilliant pensions relative to anybody else in society. However, I thank the witness for engaging.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: I am in a position of Acting Chairman but I will ask my questions from here. I have five minutes. Is Mr. Boucher aware of the Government's cap on salaries for people working in banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: Is he aware of the Government's position?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: I asked Mr. Boucher a question. Is he aware of the Government's cap?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: Is Mr. Boucher in breach of that cap?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: Mr. Boucher is in breach of the cap that was set by the Government. He would acknowledge that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: Is Mr. Boucher in breach of the cap that was set by the Government?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: I did not ask about the contract. I am sorry.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: I am asking if Mr. Boucher is in breach of the cap that was set. Who allowed that? Was it the shareholders or the Government?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: I thank Mr. Boucher. Did he get an increase in salary this year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: At the AGM, was there approval of an additional amount of funding for Mr. Boucher?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: Does Mr. Boucher have any bonus arrangement in place with the current owners of the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: None.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: I thank Mr. Boucher. Is he a shareholder of the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: By the performance of the bank improving, the profits of the bank increasing and the value of the shares increasing, Mr. Boucher would be getting a substantial reward outside his salary. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: What increase in share value has there been in the past 12 months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: Is that not a form of incentive or bonus for Mr. Boucher?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: Correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: To whom are Mr. Boucher's fiduciary duties?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Bank of Ireland (4 Sep 2013)

Arthur Spring: To the bank, meaning the shareholders.