Nice Work If You Can Get It

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No, not ‘nice’. What’s the word?

CERTAIN PROFESSIONALS are “feasting on the carcasses” of insolvent and semisolvent companies at a time when many sectors are “taking a hit” and many people have had pay reductions, a High Court judge has said.

Mr Justice Brian McGovern expressed “general concerns” about some professionals appearing to be getting good pickings from troubled sectors when other people who are working just as hard are getting less.

He made the comments after approving “a very large figure” of €509,543 fees, plus outlay and VAT making a total of €647,382, sought for some five months’ work by Luke Charleton of Ernst Young, the chartered accountant appointed as special manager to Newbridge Credit Union on January 13th last. Some €70,977 legal fees were also approved.

Some Professionals ‘Feasting On Carcasses’ Of Firms, Judge Says  (Mary Carolan, Irish Times)

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