Results 401-420 of 36,025 for speaker:Pearse Doherty
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: On 16 April when Mr. McDonagh met the Minister, Deputy Browne, did they discuss retention of his salary at that stage?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: How then was Micheál Martin able to stand up in the Dáil and say - was it ever understood that Mr. McDonagh was retaining his €430,000 salary if he accepted that position?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: It is relevant to NAMA because he oversees NAMA. NAMA has got more than 1,000 social houses that are to be transferred over, land with capacity for 4,000 houses and tens of million of euro of assets. The head was being poached to another role. That was completely botched. I appreciate Mr. McDonagh's answer. To be clear, at the time he withdrew from this position or indicated he did not...
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: That is fair enough if he does not want to. He might clarify something in terms of a "Yes" or a "No". NAMA is a development of homes, social homes, rental accommodation and so on and it also deals a lot with people who are complying and have to comply with planning permission. Can he confirm with regard to the NTMA code of conduct that he did not have any responsibility to declare as an...
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: I am not asking about your personal circumstances.
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: The question is in relation to the ethics Acts and is in relation to the NTMA code of conduct. When you are an officer who is paid €430,000, there are requirements. There is a requirement here to furnish annual statements of one's own registerable interests. Is, in Mr. McDonagh's view, he satisfied that he has complied with that?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: That is fine. I thank Mr. McDonagh. We were led to believe when we were dealing with the pre-legislative scrutiny of the legislation to wind down NAMA that everybody would go into the resolution unit. It has now emerged that is not the case. Is that a fact?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: Just to be clear, and I am paraphrasing here, the heads of Bill are quite clear. They state that all employees of NAMA at the point of dissolution will transfer to the resolution unit. That is what the heads of Bill are saying.
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: Okay, but that is my understanding.
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: That is what we are trying to tease out. Mr McDonagh will transfer back to the NTMA and not the resolution unit. Is that correct?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: I thank Mr. McDonagh for clarifying that. Can he shed any light on the remuneration that would be paid in that position? He is the head of NAMA, he has overseen a large organisation and he has been paid substantially for that. Will he provide any information to the committee on whether he will be taking a salary reduction when he transfers back into the NTMA?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: The NTMA, which is not here, told us a bit about the NAMA contracts, some of which come to an end when the work in NAMA finishes. Mr. McDonagh's contract is different. When he moved from the NTMA to NAMA, he went from a salary which, I think, was reported in the media as being around €210,000 to a salary of €430,000. He is going back to a State body. It is the taxpayer who...
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: Is Mr. McDonagh aware of the role he will take up in the NTMA at this point?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: Regarding the contract Mr. McDonagh has, can we ask about that? He is the accountable person at this point. He is paid by the NTMA, so we are dealing with the contract he has at the minute. Does his contract have a clause in it that allows for a salary reduction?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: In his contract, Mr. McDonagh is allowed to take a bonus of up 60% of his wages. Is that correct?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: Mr. McDonagh has waived that bonus in the last number of years, I think, if not all of the years.
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: When he goes back to the NTMA he will not be an accountable person so we will never know what he is getting. Will we ever find out if he is getting the 60% bonus as well?
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: The NTMA did not turn up to answer these questions.
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: I understand it is not of Mr. McDonagh's making but the point is that the Taoiseach of this country stood up in the Dáil and said it would not cost the State any more money because the individual who was to be appointed housing tsar, namely, Mr. McDonagh, was going to be on this salary of €430,000 anyway. Then we had the Minister for Finance commenting on Mr. McDonagh's salary...
- Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)
Pearse Doherty: That is why I am asking and giving Mr. McDonagh the opportunity to correct the record and put his own facts on the table.