I have always, like many other observers, been very wary about NAMA right from the outset. The fact that this institution was to be populated and run by the same so called professionals that presided over the downfall of our Banking system was I think an obvious indication of where it was heading.
Now having listened to George Hook and Shane Ross discussing their internal workings, particularly their approach to paying themselves, I am more convinced. Intruth nothing changes...
Some salary Facts.
Chief Exec - 500k
Chairman - 50K ( Part Time Job )
Non executive Directors 50K ( Part Time Jobs)
Nama have a budget of 2.3 BILLION set aside for staff over the next 10 years, all to be distributed amongst the same operators that brought us to this situation in the first place, Consultants, Auctioneers, Solicitors, Stock Brokers, etc.
Ben Dunne in an interview recently told the tale of a colleague of his who applied to NAMA for a job, he got it. Expecting a reasonable salary of around €80k he was astonished to be offered €160k.
Unbelievable, yes, and all this together with guaranteed pensions.
Noel G. Walsh
Independent
Carlow/Kilkenny
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