Tuesday 12 December 2017

Declan Lynch: Obtuse corporate lexicon is keeping us all in the dark

Executive-speak is so infectious that even good people can't stop themselves using it

Declan Lynch

Declan Lynch

WHAT is granularity? I confess that I did not know that word until I saw it in Shane Ross's column last week.

He was describing the appearance before the Public Accounts Committee (PAC) of John Corrigan and his team from the National Treasury Management Agency (NTMA), a performance that seemed to be going quite well for Corrigan as he spoke of wondrous things such as "amortising bonds, treasury bills and sovereign annuities" – you mightn't know much about them either, but at least you've probably heard all the words somewhere before. Apart from maybe "amortising".

And so the performance continued in this sparkling vein, until chairman John McGuinness asked Mr Corrigan about his own massive remuneration – €416,000 a year – and that of his colleagues. At which point Mr Corrigan, apparently unprepared for such vulgarity, reached for the "granularity".

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