Results 12,901-12,920 of 21,203 for speaker:Mary Lou McDonald

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: There are no obstacles put in the way of meeting them.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Mr. McDonagh does not believe NAMA is in any way dismissive of or heavy-handed with its debtors.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Yes, it certainly must. Would it be fair to argue that there appear to be different classes of debtor? Some debtors work for NAMA to work things through while-----

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: One is left with 30%.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: NAMA seems to be particularly anxious about transfers of assets by debtors to other family members.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: I am conscious of time. I will ask one slightly off-topic question and contribute again later if that is alright. My question relates to the property of a NAMA debtor on Leeson Street, namely, the premises of the Dublin Rape Crisis Centre. The organisation, with which I am sure Mr. McDonagh is familiar, is in dire financial straits. It has made a financial offer for the property. I know...

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: I did not say that. That is not the point.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: When NAMA makes that decision, not alone does Mr. McDonagh live with it but we all do.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: As part of the assessment of performance, which Mr. McDonagh referred to in his paper, it would be wise to analyse and track even a sample of those properties systematically as a reference point for performance and to make decisions on the quality of the judgment at which NAMA arrives. Mr. McDonagh laid heavy emphasis in his presentation on NAMA's relationship and dealings with debtors....

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Can Mr. McDonagh remind the committee how many developers are managing assets for NAMA?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Can Mr. McDonagh give us a rundown on the levels of income that those individuals take?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Do those persons get any additional bonuses or incentives?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Is there any proposal to introduce any such scheme for these persons whom, I note, Mr. McDonagh refers to as principals rather than debtors?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: That is true, but that was not my question. I am asking, in addition to those salary levels, is Mr. McDonagh minded, is he considering or has he put forward any proposal to award additional incentives or bonuses to this set of individuals?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Has Mr. McDonagh made such a proposal officially to anyone?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Is Mr. McDonagh planning to do so?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: These three individuals who are getting a salary of €200,000 might be awarded additional incentives and bonus payments.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: I accept that. Is Mr. McDonagh considering the possibility of additional bonuses and incentives for these persons, including the 13 who earn between €150,000 and €199,000?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: Maybe that explains Mr. McDonagh's concern about a view that might have been taken that NAMA was soft on some debtors. For the people out there, those are very big salaries, particularly since everyone is carrying the can for the chaos that we all landed in. They will note with interest the possibility that these individuals might, in fact, be incentivised to work out the assets. Mr....

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Mary Lou McDonald: At various stages?