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Amazing - 1,700 bankers at bailed-out Irish banks paid more than €100,000


kkkkkkkkkk

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May 2, 2011
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1,641
It has emerged that 1,700 bankers at bailed-out Irish banks are still paid more than €100,000 per year.

Some 66 executives are paid more than €300,000 each per year.

The figures, obtained in a parliamentary question by Fianna Fáil TD Michael McGrath cover salaries at Allied Irish Banks, Bank of Ireland, IBRC and Permanent TSB.


1,700 bankers paid more than


what is going on
why can we not stop this
it is becoming very clear who runs Ireland, and it is not the people nor the politicians
we are been taken to the cleaners again
we are a very ignorant people
 


LamportsEdge

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Jan 10, 2012
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21,894
1,700 bankers at over 100,000 a year. In a dead bank. 66 of them on over 300,000 a year.

We could have got rid of all of them and simply put in an adminstration unit from one of the accountancy firms.

In fact, if the costs of the staff at IBRC are added up we could ask for tenders to run it at a lower cost and place it into the wind-down.

In fact I have a better idea. It apparently has 53billion in assets if you believe their accountants and I'm not mad so I don't.

We could sell that loan book to the Alfa Group and let the hardbastards go after the called in loans. Believe me the Alfa Group don't mess around. Get rid of all these overheads and take a an offer from Alfa to deal with the loan book as a factor.
 

carlovian

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Joined
Jun 20, 2008
Messages
5,131
It has emerged that 1,700 bankers at bailed-out Irish banks are still paid more than €100,000 per year.

Some 66 executives are paid more than €300,000 each per year.

The figures, obtained in a parliamentary question by Fianna Fáil TD Michael McGrath cover salaries at Allied Irish Banks, Bank of Ireland, IBRC and Permanent TSB.


1,700 bankers paid more than


what is going on
why can we not stop this
it is becoming very clear who runs Ireland, and it is not the people nor the politicians
we are been taken to the cleaners again
we are a very ignorant people
McGrath is very angry about this.

If he finds out what party bailed out the bankers and allowed this to happen, there's sure to be trouble.
 

tigerben

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Sep 21, 2010
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That seems to be a very high number of bankers for a little country, and all it seems very very well paid for doing a woeful job in the area their meant to be experts at. Leo says their worth it do. It seems politicans ,bankers, charity CEOs and union bosses can't live on any less that their earning, but the middle classes must budget and learn to do more on less monies!
 

Niall996

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Dec 5, 2011
Messages
12,127
Just utterly mindbending stuff. When will it all end?
 
B

birthday

It has emerged that 1,700 bankers at bailed-out Irish banks are still paid more than €100,000 per year.

Some 66 executives are paid more than €300,000 each per year.

The figures, obtained in a parliamentary question by Fianna Fáil TD Michael McGrath cover salaries at Allied Irish Banks, Bank of Ireland, IBRC and Permanent TSB.


1,700 bankers paid more than


what is going on
why can we not stop this
it is becoming very clear who runs Ireland, and it is not the people nor the politicians
we are been taken to the cleaners again
we are a very ignorant people
Whatever about paying bank staff €100,000 or more I would ask the question:

Have we bailed out their DB pension schemes as well?
If so, why?
If so, what is the position of FG, FF, Lab, SF, ULA etc on bailing out private sector pension schemes?
 

macs magic

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Nov 27, 2010
Messages
2,214
McGrath is very angry about this.

If he finds out what party bailed out the bankers and allowed this to happen, there's sure to be trouble.

That's the stuff,keep looking back.
Don't forget the Banks were bailed out with the full support of the FG and Sinn Fein parties too.It's on the Dail record if you want to check.
You should be more concerned at pay levels in bust Banks than who bailed out the Banks
 

kkkkkkkkkk

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1,641
Whatever about paying bank staff €100,000 or more I would ask the question:

Have we bailed out their DB pension schemes as well?
If so, why?
If so, what is the position of FG, FF, Lab, SF, ULA etc on bailing out private sector pension schemes?
I think their pensions are gauranteed too, my god
 

YouKnowWhatIMeanLike

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Apr 13, 2011
Messages
7,225
That's Ok they deserve it, it's a heroic act you know to squander taxpayers money in Ireland. No accountability, no standards and guaranteed bonus payments the crooks must love it.
 

Radix

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Joined
Aug 31, 2010
Messages
10,031
It has emerged that 1,700 bankers at bailed-out Irish banks are still paid more than €100,000 per year.

Some 66 executives are paid more than €300,000 each per year.

The figures, obtained in a parliamentary question by Fianna Fáil TD Michael McGrath cover salaries at Allied Irish Banks, Bank of Ireland, IBRC and Permanent TSB.


1,700 bankers paid more than


what is going on
why can we not stop this
it is becoming very clear who runs Ireland, and it is not the people nor the politicians
we are been taken to the cleaners again
we are a very ignorant people

It's because they're worth it. And in fairness we are borrowing from the future so that we may have greater amounts of currency in circulation at a time when we badly need it.

We need high income earners, many many of them.
 

LamportsEdge

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Next question- how many of these people are registered in the PAYE system in Ireland? Anyone care to guarantee that they are paying PAYE?
 

greenwithirony

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Sep 25, 2007
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2,785
It's because they're worth it. And in fairness we are borrowing from the future so that we may have greater amounts of currency in circulation at a time when we badly need it.

We need high income earners, many many of them.
I know quite a few of these people, & they're not worth it. They know they're not worth it themselves, but they are in a bind/don't give a fukk, because they've got huge debts accrued during the Sceptic Tiger period to pay off/become so accustomed to money.
 

LamportsEdge

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Jan 10, 2012
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At this moment in time there isn't one little soldier in Irish banking worth 50,000 a year. It is a dead industry.

This is just British Leyland writ large and transferred across the Irish sea. I wonder how many of the defenders of this sort of completely unnecessary largesse would rant on about massive public subsidies to failed industries elsewhere?

And Irish investment banking is a spectacularly failed industry.
 

fuque

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Joined
Apr 7, 2011
Messages
4,512
It has emerged that 1,700 bankers at bailed-out Irish banks are still paid more than €100,000 per year.

Some 66 executives are paid more than €300,000 each per year.

The figures, obtained in a parliamentary question by Fianna Fáil TD Michael McGrath cover salaries at Allied Irish Banks, Bank of Ireland, IBRC and Permanent TSB.


1,700 bankers paid more than


what is going on
why can we not stop this
it is becoming very clear who runs Ireland, and it is not the people nor the politicians
we are been taken to the cleaners again
we are a very ignorant people
AMAZING is very subjective.
 

ruserious

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Jan 3, 2011
Messages
29,621
What this country needs is real leadership. We lack severly in that department and are paying the price.
 

kkkkkkkkkk

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May 2, 2011
Messages
1,641
Next question- how many of these people are registered in the PAYE system in Ireland? Anyone care to guarantee that they are paying PAYE?
do you think, a lot of these people are working from the uk ?
 

greenwithirony

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do you think, a lot of these people are working from the uk ?
Are they including people working for banks bailed out by the British tax-payer do you know?
 

greenwithirony

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Originally Posted by kkkkkkkkkk
do you think, a lot of these people are working from the uk ?
Are they including people working for banks bailed out by the British tax-payer do you know?
Ah sorry, just read the Journal article on it, I see it only includes banks bailed out by us!
 

LamportsEdge

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do you think, a lot of these people are working from the uk ?
It was discovered recently that a number of people drawing salaries from the public purse (in the BBC) and the head of a publicly paid quango in the UK were maintaining that they were 'non-dom' or non-resident for tax reasons or otherwise avoiding paying PAYE in the UK while accepting publicly paid positions.

the Irish tax system is very similar to the UK tax system and tends to exhibit the same pluses and negatives. There will be specialists in the publicly owned Irish banks who aren't paying PAYE or national insurance. This is all very well where the employer is a private employer but when the argument is that these people add to the eonomy and you take the fact that they don't pay tax into the equation then you are talking about large salaries going out and pocket money coming back at best.

That is one great fallacy about the 'trickledown' economy that its defenders don't want discussed- the high salary payments and then the tax avoidance.
 

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