Dáil Éireann Debate, Thursday - 14 October 2004
10 Mr. J. O’Keeffe asked the Minister for Finance if he has satisfied himself with the payments made to terminate the employment of the chief executive of Aer Rianta; and the papers which were presented to him in this respect before he issued his approval. [24842/04]
View answer53 Dr. Upton asked the Minister for Finance if he approved the severance package for the former chief executive of Aer Rianta (details supplied); the value of the package approved by him; if there was consultation with the Department of Transport on this matter; and if he will make a statement on the matter. [24647/04]
View answerI propose to take Questions Nos. 10 and 53 together.
The previous Minister, as shareholder, indicated his consent to arrangements, outlined to him by the chairman of Aer Rianta on 24 September last, concerning the package the board proposed to make to the deputy chief executive who was leaving the company. I understand that the proposed package included a lump sum of 2.5 times salary, a contribution to pension fund, payment of a bonus and retention of company car.
