Results 17,621-17,640 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Can I just go back? The ... just I suppose to bring summary on this issue. You are saying effectively then that the bonus model revolved around in '06, '07, '08, the 75% based on earnings per share profit of the company and, in essence, it was based upon loans performing at a specific point in time. And the risk level of those specific loans in terms of the calculation of your bonus really...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Would you ... In retrospect Mr. Goggin, was that not in terms of looking back at the amount of taxpayers' money that's been put into the Bank of Ireland, was that not foolhardy on the part of Bank of Ireland?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: So I suppose in summary, you feel based on your performance in Bank of Ireland that you were worth €4 million in 2007 by way of salary.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Can I move on to -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: I'm just about to, Chairman. Can I move to B1, Vol. 1, page 55? A very quick question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: It's about loans. And it says ... this is dated 27 January 2003. It says, second paragraph, ''The objective had been to allow BB to compete more effectively - in particular with Anglo-Irish Bank.''
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Were you chasing Anglo Irish Bank in terms of market share for customers?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Well can I in terms-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: But Mr. Goggin you specifically singled out Anglo Irish Bank, right? And I'm asking .. you've told me your answer. Can I move onto -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Can we move onto new territories you spoke about yourself? B2, Vol. 1, page 15.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Page 15.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: One of the areas that at the time was Bank of Ireland were the bank that pioneered the 100% loan-to-value mortgage for home owners. And I noticed that the borrower's profile was main applicant's age profile is young with 54% aged 30 or below, 43% are from single applicants with a medium salary level of €50,000 to €60,000. Why did you go into that market because many of those...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: -----and you went into this market in August '05.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: It happened under your watch, Mr. Goggin. Why did you go to that new territory?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: For home owners.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: To whom?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: But you ... as the CEO of the bank you had discretion to decide whether you went into that market or not, Mr. Goggin. You had discretion, that was your call.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Please do.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: What date was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Kieran O'Donnell: Mid-2006.