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Richie Boucher - worth every penny 910'000kpa


Burnout

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Oct 7, 2009
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Twitter
I have a life.
I am not amazed at the RTE DriveTime news snippet on our old friend Richie Boucher receiving a total of 910'000kpa for his banking services to the country of late. He did waiver 67'000k however. Imagine that after all the rot the banks caused he can casually throw away 67'000k and not even notice it. Thankfully Irish citizens do not do anger because thats up from the €831,000 last year to €843,000 .

The news comes after the heads of all the loss-making, state-backed banks were told to cut pay by 6pc to 10pc by the minister for finance Michael Noonan.

I mean just who is running the country.

http://www.independent.ie/business/irish/bank-of-irelands-richie-boucher-got-pay-boosted-to-843000-last-year-29141077.html
 


Socratus O' Pericles

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Oct 12, 2009
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33,556
I am not amazed at the RTE DriveTime news snippet on our old friend Richie Boucher receiving a total of 910'000kpa for his banking services to the country of late. He did waiver 67'000k however. Imagine that after all the rot the banks caused he can casually throw away 67'000k and not even notice it. Thankfully Irish citizens do not do anger because thats up from the €831,000 last year to €843,000 .

The news comes after the heads of all the loss-making, state-backed banks were told to cut pay by 6pc to 10pc by the minister for finance Michael Noonan.

I mean just who is running the country.

Bank of Ireland
If you gotta ask, you'll never know.
- Louis Armstrong.
 

CarnivalOfAction

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Joined
Jun 15, 2010
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16,545
I am not amazed at the RTE DriveTime news snippet on our old friend Richie Boucher receiving a total of 910'000kpa for his banking services to the country of late. He did waiver 67'000k however. Imagine that after all the rot the banks caused he can casually throw away 67'000k and not even notice it. Thankfully Irish citizens do not do anger because thats up from the €831,000 last year to €843,000 .

The news comes after the heads of all the loss-making, state-backed banks were told to cut pay by 6pc to 10pc by the minister for finance Michael Noonan.

I mean just who is running the country.

Bank of Ireland
Once again the [rich & thick] cream at the top rewarded by FG/LP while the disabled & lower paid are cut.
 

eoghanacht

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33,300

gerhard dengler

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September 2008 economic coup d'etat has winners and losers.

The bank and selected members of the establishment win, with the the citizens and taxpayers losing out.

Lenihan's €500k per annum for bank chief executives is a distant memory.

Bank of Ireland shareholders need to be getting annoyed over this, because the government won't.
 

Socratus O' Pericles

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The Unions/The Irish Times/ RTE and the Illuminati/Troika isn't it?
Whereas the balance probably favours capital slightly over labour I would say it is the people who elect the Government -funny that how democracy works.
 

Howya

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But, but, but the share price has doubled in the last year....(from virtually zero)
 

Taxi Driver

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September 2008 economic coup d'etat has winners and losers.

The bank and selected members of the establishment win, with the the citizens and taxpayers losing out.

Lenihan's €500k per annum for bank chief executives is a distant memory.

Bank of Ireland shareholders need to be getting annoyed over this, because the government won't.
There are 30,132,505,842 ordinary shares in BOI. At €910,000 this means that cost of Boucher was 3c per 1,000 shares (.003c per share).

BOI shareholders should be more concerned with what there are going to do with the €3,610,000,000 of mortgages that are 90 days or more in arrears. That is 12c of mortgages in arrears per share in issue. BOI shares are at 16c.
 

gerhard dengler

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There are 30,132,505,842 ordinary shares in BOI. At €910,000 this means that cost of Boucher was 3c per 1,000 shares (.003c per share).

BOI shareholders should be more concerned with what there are going to do with the €3,610,000,000 of mortgages that are 90 days or more in arrears. That is 12c of mortgages in arrears per share in issue. BOI shares are at 16c.
Forget about the ordinary shares, where are the profits at BoI?

How long have the shareholders had to field losses at BoI under Boucher's stewardship?
This guy's getting the guts of €1m per year for producing annual losses.

2012 (2.1 billion)
2011 (0.609 million)
2010 0.040 million
2007 (0.007 million)
2008 1.724
 
Last edited:

tigerben

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Sep 21, 2010
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4,614
Sure they have to look after the boys with money, who else is going to go to the party fundraiser dinners and golf classics!
 

Socratus O' Pericles

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Forget about the ordinary shares, where are the profits at BoI?

How long have the shareholders had to field losses at BoI under Boucher's stewardship?
This guy's getting the guts of €1m per year for producing annual losses.
A huge range of banks all over Europe and the US had to "field losses". It is hardly RB's fault. It was a Fianna Fail Government that decided to nationalise the banks and socialise the debt. That is apparently what the people want for promptly they elected an FG majority Government who had undertaken, give or take a bit of window dressing, to implement their predecessor’s policies in full. If a radical candidate stood for election they would not be successful imho. Look at how little headway the left are making or direct democracy or whomever? The people trust these centre/right parties and that's that it was their policies that kept RB in his job and I doubt he did much except steer the ship the way his bosses wanted it steered.

Bank of Ireland shares are now 0.16 they were 7 cents at one time. The recovery is happening and will continue until the next bubble bursts-‘tis the nature of things.

BANK OF IRELAND Share Price Chart | BIR.IR - Yahoo! UK & Ireland Finance
 

gerhard dengler

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A huge range of banks all over Europe and the US had to "field losses". It is hardly RB's fault. It was a Fianna Fail Government that decided to nationalise the banks and socialise the debt. That is apparently what the people want for promptly they elected an FG majority Government who had undertaken, give or take a bit of window dressing, to implement their predecessor’s policies in full. If a radical candidate stood for election they would not be successful imho. Look at how little headway the left are making or direct democracy or whomever? The people trust these centre/right parties and that's that it was their policies that kept RB in his job and I doubt he did much except steer the ship the way his bosses wanted it steered.

Bank of Ireland shares are now 0.16 they were 7 cents at one time. The recovery is happening and will continue until the next bubble bursts-‘tis the nature of things.

BANK OF IRELAND Share Price Chart | BIR.IR - Yahoo! UK & Ireland Finance
Look over since 2008, Boucher has presided over accumulated losses of nearly €1 billion between 2008 and 2012.

Paying a Chief Executive nearly €1 million annually to produce cumulative losses is nothing short of disgraceful.

As for the BOI share price, well you can see the connection between it's share price and it's loss making capacity I would have thought.
 

loner

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Jan 9, 2005
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8,172
Forget about the ordinary shares, where are the profits at BoI?

How long have the shareholders had to field losses at BoI under Boucher's stewardship?
This guy's getting the guts of €1m per year for producing annual losses.

2012 (2.1 billion)
2011 (0.609 million)
2010 0.040 million
2007 (0.007 million)
2008 1.724
It strikes me as funny that a bank makinghuge losses can pay an executive this extraordinary salary--of couse Iforgot we live in Ireland
 

Fr.Ted Crilly

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Dec 7, 2012
Messages
13,267
I am not amazed at the RTE DriveTime news snippet on our old friend Richie Boucher receiving a total of 910'000kpa for his banking services to the country of late. He did waiver 67'000k however. Imagine that after all the rot the banks caused he can casually throw away 67'000k and not even notice it. Thankfully Irish citizens do not do anger because thats up from the €831,000 last year to €843,000 .

The news comes after the heads of all the loss-making, state-backed banks were told to cut pay by 6pc to 10pc by the minister for finance Michael Noonan.

I mean just who is running the country.

Bank of Ireland
The more things 'change', the more they stay the same.

Banana Republic.
 

Ribeye

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Jul 12, 2011
Messages
26,304
I don't think he's gettin €910 million a year,

:)
 

Analyzer

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Joined
Feb 14, 2011
Messages
46,187
I am not amazed at the RTE DriveTime news snippet on our old friend Richie Boucher receiving a total of 910'000kpa for his banking services to the country of late. He did waiver 67'000k however. Imagine that after all the rot the banks caused he can casually throw away 67'000k and not even notice it. Thankfully Irish citizens do not do anger because thats up from the €831,000 last year to €843,000 .

The news comes after the heads of all the loss-making, state-backed banks were told to cut pay by 6pc to 10pc by the minister for finance Michael Noonan.

I mean just who is running the country.

Bank of Ireland
Talent like Rich Boucher is rare indeed.

Just look at his track record.

He headed up the Ireland division of the BoI during the boom. The division where most of the bad debts are occurring now. It takes a special sort of talent that.

And the previous Editor of the Sindo, figured that Rich was good for the job because he played Rugger. We need an expert in pass the peanut to run one of the Pillar banks.

It is now an even worse banana republic that before - because at this stage it should be obvious that the same old nonsense is not working. I mean how much evidence do people need ?
 

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