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Dept of Finance agrees another 500k + salary for new IBRC employee


Northtipp

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Joined
Nov 23, 2010
Messages
22,217
Report: Dept of Finance approves

It is being reported that the dept of finance has agreed a 500k + salary for a new IBRC employee. This in the wake of Eamon Gilmores comments that he is opposed to such salaries for state lender employees

It's not clear if minister Noonan authorised the new salary although one may be forgiven for assuming he did. If so,does this suggest a further breakdown between communications at senior govt level. One would have thought the lessons arising out of the OReilly debacle might have improved communications at this stage.
 

kellboy

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Joined
Jun 10, 2010
Messages
198
Report: Dept of Finance approves

It is being reported that the dept of finance has agreed a 500k + salary for a new IBRC employee. This in the wake of Eamon Gilmores comments that he is opposed to such salaries for state lender employees


yes and noons said last week how powerless he was

Noonan: 'I'm powerless to tackle bankers' pay & perks' - National News - Independent.ie
It's not clear if minister Noonan authorised the new salary although one may be forgiven for assuming he did. If so,does this suggest a further breakdown between communications at senior govt level. One would have thought the lessons arising out of the OReilly debacle might have improved communications at this stage.
 

GDPR

1
Joined
Jul 5, 2008
Messages
224,093
Report: Dept of Finance approves

It is being reported that the dept of finance has agreed a 500k + salary for a new IBRC employee. This in the wake of Eamon Gilmores comments that he is opposed to such salaries for state lender employees

It's not clear if minister Noonan authorised the new salary although one may be forgiven for assuming he did. If so,does this suggest a further breakdown between communications at senior govt level. One would have thought the lessons arising out of the OReilly debacle might have improved communications at this stage.
Not to worry, it'll be FF's fault.
 

tigerben

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Joined
Sep 21, 2010
Messages
4,621
I'm sure the government took legal advice that this was ok. That's always the answer that's giving, it could be wrong do, but don't punish the government :)
 
M

MrFunkyBoogaloo

Report: Dept of Finance approves

It is being reported that the dept of finance has agreed a 500k + salary for a new IBRC employee. This in the wake of Eamon Gilmores comments that he is opposed to such salaries for state lender employees

It's not clear if minister Noonan authorised the new salary although one may be forgiven for assuming he did. If so,does this suggest a further breakdown between communications at senior govt level. One would have thought the lessons arising out of the OReilly debacle might have improved communications at this stage.
Lies, damn lies. We all know Noonan is powerless... right?
 

LamportsEdge

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Jan 10, 2012
Messages
21,894
The peasantry of Ireland are treated with disdain again by the overstuffed clerk of a Vichy government.

Noonan and co are no different to Fianna Fail- their job description is to lie and obfuscate- if this was a 'business decision' then hands up who here would be handing out half-a-million euro salaries in a business that is so far in the red to the tune of many billions that it should have been closed down long ago?

Either Noonan is a raging fool or a deliberate liar about the real status of that joke bank which is clearly no more than an SPV for exporting large sums out of the Irish economy.

Either way Fianna Fail or Fine Gael it matters not- and the fact that some here seem to think it does means nothing but the reality is that Noonan and his FF cohorts supposedly in opposition are running the same scam on Irish taxpayers.

'civil war politics' my hole. Noonan is a vichy clerk for the ECB and there must be uproarious laughter at the 'party politics' argument among Ireland's commentariat.

Monkeys on a rock getting their backs shaved without even noticing. Watch the monkeys argue about who has the banana while the stripes appear on their backs one after one.
 

TODevastated

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Oct 9, 2009
Messages
1,334
The peasantry of Ireland are treated with disdain again by the overstuffed clerk of a Vichy government.

Noonan and co are no different to Fianna Fail- their job description is to lie and obfuscate- if this was a 'business decision' then hands up who here would be handing out half-a-million euro salaries in a business that is so far in the red to the tune of many billions that it should have been closed down long ago?

Either Noonan is a raging fool or a deliberate liar about the real status of that joke bank which is clearly no more than an SPV for exporting large sums out of the Irish economy.

Either way Fianna Fail or Fine Gael it matters not- and the fact that some here seem to think it does means nothing but the reality is that Noonan and his FF cohorts supposedly in opposition are running the same scam on Irish taxpayers.

'civil war politics' my hole. Noonan is a vichy clerk for the ECB and there must be uproarious laughter at the 'party politics' argument among Ireland's commentariat.

Monkeys on a rock getting their backs shaved without even noticing.
we could all line up down o'connell street and bend over!!
 

GDPR

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Jul 5, 2008
Messages
224,093
The peasantry of Ireland are treated with disdain again by the overstuffed clerk of a Vichy government.

Noonan and co are no different to Fianna Fail- their job description is to lie and obfuscate-
In fairness to SF, they are the most focused of the current parties, they don't bother so much with the obfuscation.
 

LamportsEdge

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Jan 10, 2012
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we could all line up down o'connell street and bend over!!
Now you have it. That is the single one line description of domestic Irish economic policy. Can't believe the entrapped mentality of people going on about 'Fianna Fail' and 'Fine Gael' as if there was even a single cigarette paper between their 'economic policies'.

The search for the civil war banana goes on.
 

Sync

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Aug 27, 2009
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If they've been hired in to do a job that demands 500k in the private sector then I don't see the issue here. Even if IBRC was just being written off, shut down completely, it would still require people to handle that shut down. Those people dictate a certain wage in the private sector. Those people will expect that wage to be paid.

If the people of Ireland didn't want that then they should have voted for whatever left wing party would have fired everyone and appointed homeless people willing to work for potatoes. Instead they've voted successively for FF and FG who decided to support the banks. There's a cost associated with that.

I've never understood the argument that people should accept less than they're worth on the market simply because a company is owned by a government/population of a country.
 

GDPR

1
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Messages
224,093
If they've been hired in to do a job that demands 500k in the private sector then I don't see the issue here. Even if IBRC was just being written off, shut down completely, it would still require people to handle that shut down. Those people dictate a certain wage in the private sector. Those people will expect that wage to be paid.

If the people of Ireland didn't want that then they should have voted for whatever left wing party would have fired everyone and appointed homeless people willing to work for potatoes. Instead they've voted successively for FF and FG who decided to support the banks. There's a cost associated with that.
But there is an issue surely with the hypocrisy of the likes of Gilmore and co on this subject.
 
M

MrFunkyBoogaloo

If they've been hired in to do a job that demands 500k in the private sector then I don't see the issue here. Even if IBRC was just being written off, shut down completely, it would still require people to handle that shut down. Those people dictate a certain wage in the private sector. Those people will expect that wage to be paid.

If the people of Ireland didn't want that then they should have voted for whatever left wing party would have fired everyone and appointed homeless people willing to work for potatoes. Instead they've voted successively for FF and FG who decided to support the banks. There's a cost associated with that.

I've never understood the argument that people should accept less than they're worth on the market simply because a company is owned by a government/population of a country.
I've just won a fiver bet. Thanks Sync. :)
 

LamportsEdge

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Jan 10, 2012
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In fairness to SF, they are the most focused of the current parties, they don't bother so much with the obfuscation.
I think they'll do exactly the same. Pragmatism, don't you know. And 'senior hurling' etc etc etc.. the Irish state IS an SPV for paying the Troika.

And there is no point Noonan paying half a million euros to some insider's son to work at a rebranded bank that is quite possibly one of the most disastrously in the red banking institutions in European banking history.

There is a reason why Fianna Fail/Greens were told to close down Anglo and the other ruinously bankrupt Irish banks. So they did the usual peasant mart thing of pretending they had closed down Anglo and just rebranded it. They are now busy pretending that IBRC is a going concern. It isn't.

It is the British Leyland of European banking and the only reason for keeping people walking in and out of its offices is ti perpetuate a fraud that IBRC and Anglo aren't the same institution. And well bankrupt long ago.

So you have to ask yourself why the vichy clerk is offering half million euro salaries in a bankrupt business?
 

Sync

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Sync

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But there is an issue surely with the hypocrisy of the likes of Gilmore and co on this subject.
There absolutely is. The idea that's been sold by successive governments seems to be "We'll have this super cheap bailout right? And we'll announce it before we've done a full at close to analyse the costs right? And we'll magically manage to keep away from the wages associated with running a multi billion euro enterprise".

It's bollocks quite frankly.
 
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