Bank watchdog gets €630,000 secret payoff

Paddy Samurai · 11-02-2009 10:05am #1

Bank watchdog gets €630,000 secret payoff

Neary will also get €142,670 pension. See no matter what they say, it never ever ends.The guys at the top AWAYS , ALWAYS get looked after while the rest of us get screwed!.

junior_apollo · 11-02-2009 10:07am

Paddy Samurai wrote: »

Bank watchdog gets €630,000 secret payoff

Neary will also get €142,670 pension. See no matter what they say, it never ever ends.The guys at the top AWAYS , ALWAYS get looked after while the rest of us get screwed!.

Any links to that?

biko · 11-02-2009 10:22am

http://www.independent.ie/national-news/bank-watchdog-gets-8364630000-secret-payoff-1635169.html

"Last night, as public anger mounted over bank executives receiving huge salaries while the taxpayer bails out their lending errors to the tune of €7bn, the extent of Mr Neary's goodbye money was revealed.

* He was on an annual salary of €285,341.
* He was paid an additional €202,000 handshake in return for his resignation -- equivalent to being paid for eight months.
* He was also paid a lump sum of €428,000.
* He will also receive an annual pension of €142,670."

Mena · 11-02-2009 10:26am

Not much of a secret...

Biggins · 11-02-2009 10:35am

All these guys aren't stupid.
They sign up for the job thru top solicitors and air-tight contracts.
Our loss.

SEPT 23 1989 · 11-02-2009 10:50am

and on the same day funding for special needs kids in schools in slashed

Professey Chin · 11-02-2009 10:53am

Biggins wrote: »

All these guys aren't stupid.
They sign up for the job thru top solicitors and air-tight contracts.
Our loss.

But are they smart enough to dodge a bullet

*loads shotgun*

Cookie_Monster · 11-02-2009 11:18am

SEPT 23 1989 wrote: »

and on the same day funding for special needs kids in schools in slashed

Cages shouldn't cost that much anyway.

He should be jailed for corruption or fined for being inept as it was his job to see that things like this didn't happen and not just allowed to walk off into the sunset scot free (and loaded)

Paddy Samurai · 11-02-2009 11:22am

junior_apollo wrote: »

Any links to that?

http://www.independent.ie/national-news/bank-watchdog-gets-8364630000-secret-payoff-1635169.html

biko · 11-02-2009 11:37am

I will apply for the next Regulator position, it's apparent no skills whatsoever is needed.
Just don't do what you're paid to do and get a fat pension and a golden handshake.

No pension for Neary! No pension for Neary! No pension for Neary!

BennyLava · 11-02-2009 11:45am

Goes to show you it pays to be a friend of Fianna Fail

Big Wave · 11-02-2009 12:13pm

SEPT 23 1989 wrote: »

and on the same day funding for special needs kids in schools in slashed

Cookie_Monster wrote: »

Cages shouldn't cost that much anyway.

How about I smash your f*cking face in?

Biggins · 11-02-2009 12:15pm

Big Wave wrote: »

How about I smash your f*cking face in?

Might agree with you/might not, but that is a touch too far for a comment.

Professey Chin · 11-02-2009 12:17pm

Cookie_Monster wrote: »

Cages shouldn't cost that much anyway.

Oh youre goin to hell for that one

And so am I for laughing:o

Wagon · 11-02-2009 12:19pm

Big Wave wrote: »

How about I smash your f*cking face in?

I laughed. It's normally what you do with a funny joke.

dr.bollocko · 11-02-2009 12:21pm

Big Wave wrote: »

How about I smash your f*cking face in?

Banned.
/sigh.

Cookie_Monster wrote: »

Cages shouldn't cost that much anyway.

Quit trollin'.

Professey Chin · 11-02-2009 12:22pm

Big Wave wrote: »

How about I smash your f*cking face in?

Whats a fastrixcking face

Gummy Panda · 11-02-2009 12:24pm

Big Wave wrote: »

How about I smash your f*cking face in?

How about you chill and realise this is AH?

thebigcheese22 · 11-02-2009 12:27pm

Gummy Panda wrote: »

How about you chill and realise this is AH?

+1

Anyways ya it is sickening. He should ahve been fired, not retired. He didn't do his job at all! That **** in Anglo Sean FitzPatrick managed to hide a 91 million loan to himself - surely that wouldn't have been hard to uncover, with the sheer size of it?!
And also he didn't know that Irish Life & Permanent were loaning Anglo billions to make their accounts look good.

Aaaaarrrggghhhh its so frustrating!!! :mad:

Professey Chin · 11-02-2009 12:27pm

Gummy Panda wrote: »

How about you chill and realise this is AH?

Too late. He's gone

Kev_ps3 · 11-02-2009 12:31pm

Very harsh banning imo. That joke was not really funny if you have a special needs child in your family.

Professey Chin · 11-02-2009 12:33pm

Kev_ps3 wrote: »

Very harsh banning imo. That joke was not really funny if you have a special needs child in your family.

It wasnt harsh. Personal threats are not allowed

dtwhaler · 11-02-2009 12:34pm

Why the big fuss about this when a certain Mr Ahern who failed to do his job got a bigger golden handshake ?

Cookie_Monster · 11-02-2009 1:34pm

Gummy Panda wrote: »

How about you chill and realise this is AH?

Exactly, I would not post something like that in one of the "serious" forums. This is what happens when you take away the right to "yore ma" comments, a lower level is required to replace them:D

Maybe a smiley after was needed:pac:

PeakOutput · 11-02-2009 1:50pm

you guys do realise that he did a very good job in every area other than banks(apparently)

sure banks is a large part of his job but everyone here would be paying alot more for alot less to insurance companies if it was not for this guy

im not saying it excuses his mistakes im just saying he was not completely inept

Professey Chin · 11-02-2009 1:56pm

Cookie_Monster wrote: »

Exactly, I would not post something like that in one of the "serious" forums. This is what happens when you take away the right to "yore ma" comments, a lower level is required to replace them:D

Maybe a smiley after was needed:pac:

Personally I prefer the lower levels.
Now we just need to negotiate. I say we give up the "yore ma" and all variations of above phrase in exchange for rape jokes.

No? Ok then......wheres those bastards who negotiated the benchmarking process when you need them

sceptre · 11-02-2009 2:05pm

Irish Indo story wrote:

Mr Neary had no idea about the practice, even though it was discovered by staff at his own office early last year. He had to be informed of the massive loans by Mr Lenihan, who had discovered the loans himself as a result of Anglo's participation in the bank guarantee scheme last December.

With skills like that, wonder if he knows what a tracker mortgage is.

Cookie_Monster · 11-02-2009 2:31pm

Ultimate Chin wrote: »

Personally I prefer the lower levels.

Secretly we all do. Some people will just try and deny it and be all PC, others(like me:D) will just say it and laugh at the people who find it offensive.

I need a Lolcat for Big Wave i think

IvySlayer · 11-02-2009 5:39pm

Eurgh. We need legislation so that any working for the government that no-one cannnot earn more than x amount. And a cap on their pension. Thank you, problem solved.

Hellm0 · 11-02-2009 5:58pm

Cookie_Monster wrote: »

Secretly we all do. Some people will just try and deny it and be all PC, others(like me:D) will just say it and laugh at the people who find it offensive.

Except those of us who attended so called "Special needs schools", in my case dyslexia. I'm all for lowering the moral standard but those schools are seriously under funded and they do good work. Implying they use cages is pretty insulting to people who have come out the other end of such schools.

Cookie_Monster wrote: »

I need a Lolcat for Big Wave i think

How original. Next I imagine you plan to spam out paragraphs of "SAGE" and start talking about how something is "fail" or "win".

Also, on topic, it's time to bring out the Guillotine. Could be interesting, see how many executives of failing banks decline their bonus by the time Neary's head hits the ground.

galwayrush · 11-02-2009 6:54pm

How ****ing stupid we are to accept this.We should be protesting. Idiot who failed to do his job is highly rewarded for his failure.
Another thing, Bertie, why the **** is he allowed to take 130,000 of a lump sum for standing down as Taoiseach, and as for his pension, 4 K per week when he retires:eek: FFS:mad:

Donald-Duck · 11-02-2009 7:01pm

galwayrush wrote: »

How ****ing stupid we are to accept this.We should be protesting. Idiot who failed to do his job is highly rewarded for his failure.
Another thing, Bertie, why the **** is he allowed to take 130,000 of a lump sum for standing down as Taoiseach, and as for his pension, 4 K per week when he retires:eek: FFS:mad:

So if you don't like the way a shopkeeper acts, you'll just walk out without paying for your stuff? He did a job, whether or not you agree with everything he did is a different matter

galwayrush · 11-02-2009 7:10pm

Donald-Duck wrote: »

So if you don't like the way a shopkeeper acts, you'll just walk out without paying for your stuff? He did a job, whether or not you agree with everything he did is a different matter

I just think it's pathetic how much financal reward they get for their incompetence. Most folks work hard all their lives and have to do with approx 200 euro a week.:rolleyes:

Donald-Duck · 11-02-2009 7:12pm

galwayrush wrote: »

I just think it's pathetic how much financal reward they get for their incompetence. Most folks work hard all their lives and have to do with approx 200 euro a week.:rolleyes:

These magical things are called contracts.

Working hard means nothing, you can work hard and not take opportunities. and 200 euro a week for full time? So they get paid 5 euro an hour?

niceirishfella · 11-02-2009 7:13pm

Paddy Samurai wrote: »

Bank watchdog gets €630,000 secret payoff

Neary will also get €142,670 pension. See no matter what they say, it never ever ends.The guys at the top AWAYS , ALWAYS get looked after while the rest of us get screwed!.

I'm just sickened by all of this - fcuking sick of this corrupt "old Boyz" club running this baankrupt banana republic.:mad:

galwayrush · 11-02-2009 7:14pm

Donald-Duck wrote: »

These magical things are called contracts.

Working hard means nothing, you can work hard and not take opportunities. and 200 euro a week for full time? So they get paid 5 euro an hour?

They end up with 200 euro a week on a state pension.

Bank watchdog gets €630,000 secret payoff

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