FAS chief defends executives' expenses (again!)

It should also be remembered that banks are not typical of the private sector since there are massive barriers to entry into the market for start-ups and they must be licensed to operate... not exactly a typical open market.

What I'd like to know........
1. Where is it written that the FAS chief is entitled to first class travel
2. Is one allowed to change first class to two business class tickets
3. Are business class tickets half the price of first class
4. Where is the proof of this
5. Is there not a duty/obligation to take the most cost effective option
6. Who paid for the spouses accommocation
7. Who paid for the spouses transfers costs (taxi etc)
8. Who paid for the spouses meals
9. Were there other spouses on these trips
10. What benefit was the spouse on the trip to FAS/Ireland plc, what was their role
11. What has FAS, a job creation agency got to do with NASA, a space travel programe
12. When Ireland had full employment (last 10 years) why did we need FAS
13. Who signs off the expenses of the head of FAS

We don't need any more of this. We should get the Garda and the revenue on the job and they should apply the rules that were signed up and either allow, tax or prosecute.

Can we get access to their expense claims under the FOI?

ubiquitous said:

I am an auditor myself (private sector) and I am damn glad it was not me who signed the last Fás audit report. Had any private-sector auditor done so, they would now be facing serious questions on their knowledge of the transactions highlighted last week, leading probably to a rigorous investigation into their compliance in this case with professional standards, and the possibility of significant professional sanction at its conclusion. Its interesting that the C&AG are spared this discomfort. Another case of 4 legs good,... ?

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Just curious as to why the C&AG are spared this discomfort. Wouldn't their staff be subject to the same professional standards from ICAI?

Caveat said:

OK, that's one example from three and a half years ago.

It hardly supports your claim that "such payments would by no means be unusual at top levels in the private sector" does it?

I'm not saying these payments never happen, but I doubt they could be described as "by no means unusual"

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http://www.independent.ie/business/...way-with-83642m-golden-handshake-1276326.html
[broken link removed]
[broken link removed]
http://www.rte.ie/business//2002/1216/eircom.html
and even
[broken link removed]
I can keep googling if you like?

Complainer said:

Just curious as to why the C&AG are spared this discomfort. Wouldn't their staff be subject to the same professional standards from ICAI?

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I'm curious about this myself. Perhaps someone in the know can comment.

Complainer said:

http://www.independent.ie/business/...way-with-83642m-golden-handshake-1276326.html
[broken link removed]
[broken link removed]
http://www.rte.ie/business//2002/1216/eircom.html
and even
[broken link removed]
I can keep googling if you like?

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I had assumed (perhaps wrongly) that we were talking about people who resigned under controverisal circumstances, not just standard golden handshakes like the above.

Including Maria Carey is stretching it a bit too if you ask me.

Caveat said:

I has assumed (perhaps wrongly) that we were talking about people who resigned under controverisal circumstances, not just standard golden handshakes like the above.

Including Maria Carey is stretching it a bit too if you ask me.

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Only 2 of the examples were Irish, one from a former semi-state and one real one. Neither resigned under controverisal circumstances