Mr. McDonagh, CEO of Nama, addressed the Oireachtas Committee on Finance regarding his salary and role. While acknowledging public interest in his €430,000 compensation, he stated there had been no consultation with the NTMA about his pay. He has forfeited his annual bonuses since his appointment and refused to discuss personal matters, including property rental income. McDonagh argued that his salary reflects the value he provides, citing billions returned to taxpayers. Furthermore, he detailed how he was approached for the Housing Activation Office role, indicating he did not seek this position.
Mr. McDonagh stated that the public is entitled to question his salary as CEO of Nama, yet emphasized there have been no discussions regarding it with the NTMA.
While Mr. McDonagh acknowledged he is 'very well paid,' he contended he has provided 'value for money' with the billions returned to the taxpayer.
#public-finance #executive-compensation #housing-activation-office #national-asset-management-agency #mr-mcdonagh
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