Results 15,901-15,920 of 26,043 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Or do you think they should have been ... Should they have been aware?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: But when-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: Tánaiste, do you believe ... what specifically would you have done differently in terms of when ... after June 2007, in dealing with the banks and in terms of a guarantee? Specifically. I don't want the general, I just want specifics. And would it have saved the taxpayer money?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Kieran O'Donnell: So would you have gone for higher than the €100,000? Earlier?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: I welcome, Mr. Murphy. Chairman, can I direct the witness to Vol. 2, two pages, both interrelated, page 157, which effectively is the minutes of a board meeting on 1 April 2011 with EBS, very much around the whole area of merging with AIB? And interrelated with that, I want to refer to page 139, which is EBS top ten bonus payments 2010 through 2008. Chairman, am I at liberty to mention the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Are they public?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay. Were ... and specifically what I'm referring to is page 157, at the very top of the page, Mr. Murphy, where, "Chairman highlighted that, from a risk perspective, it may be necessary to seek binding commitments from certain critical EBS staff by offering them retention bonuses, etc." So were retention bonuses paid-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Even though they're in the body of the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay, that's fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: That's fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Were retention bonuses paid to EBS staff as part of this process? EBS ... did you personally receive one?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: And so can I take it that from 2008 on, no member of staff, either from the CEO down, has received a bonus payment in EBS?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay. Can I refer you to page 139, and just looking at the ... just generally - it's not the total there - but I notice between '01 and '08 that the level of bonuses paid, the top ten bonuses, there was €8,000 paid in 2001, that went over the years to €11,000 in '02, €235,000 in '03, it went to nearly €1.5 million in 2004, went down to half a million,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay. Can I ask you on page 6 of your statement you make reference to that in 2005, EBS went from a situation where they were not in the land and development lending to over a two-year period to go really from zero to €1.7 billion. And the question I want to ask you is: if EBS had not gone into the land and development lending, would EBS have required a bailout from the taxpayer?...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: At the time that NAMA arose, what was the level of what I would regard as development loans in EBS at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Of what?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: So the €1.7 billion you speak about-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Was total of the two, but some of that would have ended up ... so there would have been €1.7 billion of loans available for transfer to NAMA.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Kieran O'Donnell: Okay.