Results 17,741-17,760 of 26,053 for speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And did you go back to the Minister to say that would not happen, that ye were not...?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: The final thing I want to check is on remuneration. And, Mr. Sheehy, your salary peaked in 2006 at €2.4 million per annum.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Total compensation, but €1.3 million of that was a bonus, right. The question I want to ask is: how could you justify such a salary? And it would appear that the remuneration scheme for higher executives was brought in under your watch, Mr. Buckley, so that you had a situation up to '04 where the bonuses weren't crazy relative to salary up to '04, but from '04, '05 on-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Can I ask-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Mr. Sheehy, can you explain how you ended up on a salary of €2.4 million per annum and how can you justify that? And was your remuneration policy ... did it build in any element of risk in terms of a judgment of property transactions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: If I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Well you'll appreciate time is limited.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And the can you justify a salary of €1 million a year, a basic salary at that level in '06-'07?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: You had a basic salary-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Correct, you were just short of €1 million.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Well I think it's splitting hairs, Mr. Sheehy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Thanks, Chairman. Just a very quick question, Mr. Buckley. The fact that your colleague, Mr. Sheehy, has disclosed what his pension is, would you be ... feel that you might disclose what your pension is at the moment?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Can I go back to Project Omega to Mr. Sheehy, about ... Can you just explain the circumstances of Minister Lenihan's approach to the bank, was there a meeting? Were you surprised with the approach in terms of asking that AIB would take over Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Were you surprised?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Why?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: So were you in survival mode yourselves?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: And two quick questions. What was the reason that Minister Lenihan gave that he wished for you take over Anglo and what was his response when you said you were not willing to take it over?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Can I go back to AIB, sorry, C3b, Vol. 2, pages 37 and 38, and I suppose the question, a very quick question I want to ask is, was there a draft provided on the night of the guarantee by the Government to the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: Well, you've stated in your proposals, the Government submitted a form of guarantee which was inspiration. So the question, I suppose, I want to ask is, what did you get in the guarantee that in the original draft provided by Government was not there?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Kieran O'Donnell: What did you request?