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Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: Ms Kennedy said that if one keeps saying something it will come true. Was Ms Kennedy trying to say that a stopped clock is right twice a day?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: Does Ms Kennedy feel that his analysis was that shallow?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: Or not?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: I thank Ms Kennedy. I have a question on the commercial side of the business. I wish to refer to the bonus structure for property sales executives. Is a property sales executive expected to sell across the board? Is person "A" assigned to property and person "B" assigned to recruitment?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: Does the same bonus structure exist?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: What are targets based on?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: What would one base the projections on?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: I pursued this line of questioning earlier. What is the salary range of the sales executives? In the relevant period, what kind of bonuses existed? What was the bonus structure? What was the percentage? What way was it structured?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: I am inquiring about when Ms Donovan worked there.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: I thank the delegation.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: I welcome the gentlemen and I thank them for their presentations. Yesterday, Dr. Julien Mercille of UCD said that RTE sustained the national obsession with houses. Would Mr. Mulligan agree with this view from his perspective within the commercial function of RTE?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: To focus on RTE specifically, as opposed to the philosophical issue, does Mr. Mulligan believe Dr. Mercille is right or wrong in what he is saying - that RTE sustained the national obsession with houses?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: I am limited in the time I have for questions. I will move on, because I think we understand Mr. Mulligan's view on that matter. Mr. Mulligan is in charge of revenue, and programming is something different. Is there ever a situation in which he sees that there is money in something and suggests doing a programme on X, Y or Z, such as property? Did this arise in that period?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: It is not about holes in the schedules; it is not a case of looking for a stocking filler for 4 a.m. Would Mr. Mulligan have taken the view at any stage that there is money in property and we should look at developing programming around it? I do not need to name the programmes. Dr. Mercille named five or six of them yesterday. Do those conversations take place?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: They do not. So is it a matter of accident that a house-hunting programme might develop on programming. Who arrives at that decision?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: It was coincidental then that a number of programmes to do with house-hunting, designing and various things like that emerged over the period.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: Okay.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: There is never any commercial relationship or overlap-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: -----even at board level, to say: "Do you think we should make a programme or programmes, or focus a little bit on education, science or property?"

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Marc MacSharry: I do not mean to cut across Mr. Mulhall, but my time is limited. In the relevant period, 2002-2007, would Mr. Mulhall say there were more programmes to do with owning a home, selling a home, doing up a home, looking at homes and living in homes than there were about "Boom", "Future Shock" or "Prime Time Investigates" to do with the property boom and bust?

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