McWilliams: Monkey could have done ex-treasury boss’s job

ECONOMIST David McWilliams has launched a stinging attack on the pay and pension received by former National Treasury Management Agency (NTMA) boss Michael Somers, saying “a monkey” could have done his job.

The highly-regarded Dr Somers retired last December after serving since 1990 as chief executive of the NTMA, which manages the national debt.

Earlier this year, it was reported that Dr Somers’s pay package in the year prior to his retirement had come to circa €1m – consisting of salary of €565,000 and bonus of €403,000.