Emergency Pay Rise For NAMA Directors Rushed Through

Hard pressed directors of NAMA have been saved from death by a 70% pay increase, 3 months after their appointment. The Minister For Finance defended the emergency payment in the face of stupid opposition cat calls.

An exotic pet belonging to a NAMA director

"Tibbles": NAMA Director-owned Ocelot Whose Death Has Been Narrowly Avoided

"It has become clear that the fee we originally set for the Chairman of NAMA (€100k) would not be sufficient to maintain the level of larks’ tongue consumption which international class bankers have an absolute right to expect," explained Mr. Lenihan. "After all if you want to manage €54 billion in assets, you can’t be expected to do it on an empty stomach, or without at least a moderate level of ermine".

The increased fees are being blamed on the fact that there would be more work for the directors of NAMA to do than had originally been thought to be the case. However officials have assured The Emergency that this is a one off arrangement and that the whole business will be over by Christmas. We were given this in writing and have in our hand the piece of paper signed this morning in Merrion Square and promising credit in our time.

Be Sociable, Share!

One Response to “Emergency Pay Rise For NAMA Directors Rushed Through”

  1. uberVU - social comments Says:

    Social comments and analytics for this post…

    This post was mentioned on Twitter by FuzionPRIreland: RT @TheEmergency: GOT TO BE KIDDING: Emergency Pay Rise For NAMA Directors Rushed Through http://twurl.nl/js64nm

Leave a Reply