Bosses of three state agencies to forgo €850k bonuses

THE chief executives of three key state agencies — including National Treasury Management Agency (NTMA) head John Corrigan — are to give-up bonuses worth as much as €850,000.

Mr Corrigan is to forgo as much as €392,000 in bonus payments for 2010.

National Asset Management Agency (NAMA) chief Brendan McDonagh is waiving a possible bonus of €258,000. National Development Finance Agency (NDFA) head Brian Murphy is relinquishing a potential bonus of €198,000.