Results 19,801-19,820 of 26,053 for speaker:Kieran O'Donnell
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: Of that, €4.7 million comes from shared services and the charity lotteries is €3.1 million. In essence, the shared management services makes up 53%-----
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: -----of the €8.9 million outside of the charity lotteries to bring it up to €12 million.
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: It is 52% or 53%. Of the shared management services, €3.55 million comes from National Learning Network and RehabCare, which are companies that are funded virtually entirely by the State. They account for approximately 40% of the €8.9 million. Is it a fair observation that 40% of the CEO's salary is funded by the taxpayer? Will Mr. Poole respond to that as an accountant?
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: As Mr. Poole is well aware, figures never lie. Looking at the figures, the shared management service is coming from the two companies that are funded virtually entirely by the taxpayer, whom we represent. The figure from National Learning Network is €1.511 million and for RehabCare it is €2.039 million, which is a total of €3.55 million. Mr. Poole said the charity...
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: That leaves €8.9 million, and €3.55 million of that comes directly from money provided by the taxpayer.
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: That is 40% of €8.9 million.
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: So it is fair to make the deduction that 40% of salaries that are paid by the Rehab Group company are funded by the taxpayer.
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: That is the purpose of today's meeting.
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: Therefore, 40% of Ms Kerins's salary, at a minimum, was funded by the taxpayer. The second question relates to the terms of reference for the Towers Watson report. Who set those terms of reference?
- Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)
Kieran O'Donnell: For comparative purposes, Concern would be an organisation with a similar turnover. I believe, if I am correct, that €128,000 is paid to the CEO. If one looks at it in terms of the Irish set-up, and we looked at it prior to Mr. Poole bringing in the information, well in excess of 70% of the income is funded by the taxpayer. A lot of the contracts are public in nature. Why did Rehab...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Obviously that would not be the first time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: So people are going to have knock on another door.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: I welcome this second attempt. I want to be consistent with all of the banks and ask each one the same questions. People watching will realise that is what I am doing even though I have asked the questions in a different order. How many of the bank's staff deal with the legacy of arrears mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: What about home loans and buy-to-lets?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: That means there are 500 people who deal with the hardcore cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: A section in the code for mortgage arrears mentions the payment of incentives - possibly paid bonuses - to staff involved. Are any of the bank's staff paid bonuses?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Are bonuses paid across the sector?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: What about within the bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: Has that always been the way?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)
Kieran O'Donnell: But have bonuses been paid in recent times?