ACCUSED DONEGAL BANKER EARNED €800K BONUS A YEAR BEFORE BANK COLLAPSE

July 25, 2012

BONUS: WILLIE MCATEER

A COUNTY Donegal businessman earned €800,000 a year before the bank he worked for collapsed.

Willie McAteer, from Rathmullan, was seen as a great negotiator at Anglo-Irish Bank.

At top executive at the bank, he was charged earlier this week with permitting Anglo to give financial assistance to Patricia Quinn, her five adult children and ten senior clients of the bank who became known as the ”Maple ten”, to enable them all to buy shares in the bank.

Mr McAteer earned €2.19m during his last three years with the bank, including an €800,000 bonus in 2007, just a year before the bank had to be bailed out by the Government.

Mr McAteer stepped down from the Anglo board when the bank was nationalised, and has kept a very low business profile since.

He is not listed as a director of any companies and is not thought to have taken up any new role since Anglo.

His €1m home in Dublin’s leafy Rathgar has been on the market for some time.

Yesterday former Anglo boss Sean Fitzpatrick was also charged with similar offences.

 


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