Business Irish

Saturday 25 February 2017

NAMA chief says he may take further pay cut

Independent.ie reporters

Brendan McDonagh, chief executive of NAMA. Photo: Frank McGrath
Brendan McDonagh, chief executive of NAMA. Photo: Frank McGrath

NAMA boss Brendan McDonagh has said he may take a further pay cut following calls from Public Sector Reform Minister Brendan Howlin to have reductions across the public sector.

While the chief executive recently took a 30pc pay cut - he will “consider” a further drop, he said.

Minister Howlin capped public sector employee salaries at €200,000 earlier this week.

Mr McDonagh said it is important that people in leadership “do the right thing.”

“That is a matter that would be under consideration for everybody as an individual,” he added.

“I will certainly think about that when I have a discussion with the Minister,” he said.

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