Friday 20 October 2017

Key players in our fall from grace enjoying bumper pay-offs and pensions

Patrick Neary: THE former financial regulator, who championed light-touch regulation of the banks, was forced to 'retire' in January 2009.

He has an index-linked pension of €143,000. He also got a lump sum of €428,000 and an early retirement pay-off of €202,000

John Hurley

Pension: €175,000

Lump sum: €525,000

THE former Central Bank governor spent seven years in the top job, overseeing the country's financial system.

He left office in 2009 and has a pension of €175,000. His transition to retirement was helped by a lump-sum payment of €525,000.

Bertie Ahern

Pension: €146,000

Lump sum: €160,000

Mr Ahern will not be allowed forget his call for those questioning the property boom to commit suicide.

The ex-Taoiseach is entitled to a ministerial pension of around €98,000.

Along with this he has a TD's pension of around €48,000. He got a once-off lump sum of around €160,000 on retirement.

Brian Cowen

Pension: €150,000

Lump sum: €300,000

THE former Taoiseach was a key player during the property boom and the leader of the country during the crash. He was Minister for Finance from 2004 to 2007 and Taoiseach from 2007 to this year.

He has left office and now gets a pension of €150,000. He also got a tax-free lump sum €300,000. So generous is his pension pot that it has been calculated to be worth around €3.66m.

Brian Goggin

Pension: €650,000

THE retired Bank of Ireland (BoI) chief executive fell on his sword in January 2009 with an apology to shareholders for having trashed their investment. It mightn't be much consolation to BoI shareholders who had seen the value of their shares fall by over 98pc.

Charlie McCreevy

Pension: €173,000

Lump sum: €537,000

THE former minister for finance and former EU commissioner occupied the top job in the Department of Finance from 1997 to 2004.

These were the years when the property bubble was inflated. He got €537,000 when he stepped down from the EU job; his commission pension is €51,000 a year.

On top of this there is his ministerial pension of €70,000, and a TD's pension of €52,000 a year.

Eugene Sheehy

Pension: €458,000

THE former AIB chief executive is another former banker who has walked away from a broken bank with a bumper deal in 2009.

Mr Sheehy famously said he "would rather die" than allow the State to take a stake in the bank. The bank is now virtually fully nationalised. The last time we heard he was back in full-time education. He has a pension of €458,000.

Sean FitzPatrick

Pension: €533,000

THE former chief executive and chairman of Anglo Irish Bank was arrested a year ago and released after a day's questioning without charge.

Despite having presided over a bank engaged in reckless and irresponsible lending that has since had to be nationalised, he is entitled to an annual pension of €533,000. However, bankruptcy proceedings against him have raised some questions as to what extent he will be able to benefit from the generous pension.

Michael Fingleton

Pension: unknown

Lump sum: €1,000,000

THE former Irish Nationwide czar ran the society like a one-man bank for 38 years.

He left with a pension fund that was valued at an astonishing €27m when he stepped down in April 2009.

In addition to that he got a bonus payment of €1m. Calls for this bonus to be returned have gone unanswered.

David Doyle

Pension: €115,000

Lump sum: €343,000

THE former mandarin was a key Department of Finance official on the night of the bank guarantee on September 29, 2008, and played a crucial role in deciding the Government's course of action. As well as being the department's secretary general, he was on the board of the Central Bank.

His pension was topped up by €757,000 when he left office.

When he stepped down he got a tax-free lump sum €343,000.

Irish Independent

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