Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Who thinks Sean Quinn is a great businessman now?

12425262729

Comments

  • Posts: 0 [Deleted User]


    Do we have to have evidence to have an opinion?



  • Registered Users Posts: 4,138 ✭✭✭realitykeeper


    Yes Sean Quinn is a great entrepreneur. But stock markets are a different beast. Beware the beast.



  • Administrators, Social & Fun Moderators, Sports Moderators Posts: 77,496 Admin ✭✭✭✭✭Beasty


    Someone call?



  • Registered Users, Registered Users 2 Posts: 11,789 ✭✭✭✭BattleCorp


    I'm not saying Quinn had anything to do with what happened to Lunny. But having watched the TV programmes, I got the impression that Quinn wasn't woefully upset at what happened to Lunny and certainly Quinn's wife seemed to be very very bitter against Lunny. Extremely so.



  • Registered Users, Registered Users 2 Posts: 35,464 ✭✭✭✭Hotblack Desiato


    If he was a great entrepreneur he wouldn't have done the equivalent of putting his entire business on black at the roulette wheel. If he was a great entrepreneur he wouldn't have got involved with complex financial instruments he didn't have a breeze about. If he was a great entrepreneur he wouldn't have risked the jobs of everyone in his companies by doing the above. If he was a great entrepreneur he wouldn't have run an insurance company fraudulently as a cash cow to try to bail out the rest of his empire and we wouldn't all still be paying for that for years to come.

    Scrap the cap!



  • Registered Users, Registered Users 2 Posts: 3,408 ✭✭✭Dinarius


    Feeling that you're master of the universe because you've mastered one area, and then betting the farm on something else (in the belief that you can master that too) isn't new.

    We've just seen Elon Musk do exactly that with his cash cow by buying Twitter. It may yet mean the end for him and Tesla.

    It could be argued that Denis O'Brien has done something similar. He has remortgaged his mobile license cash cow more than once. That has yet to fully play out.

    There are exceptions. Richard Branson took his cash cow - Mike Oldfield's Tubular Bells; remember that? - and turned it into a billion dollar empire.

    D.



  • Administrators, Social & Fun Moderators, Sports Moderators Posts: 77,496 Admin ✭✭✭✭✭Beasty


    Entrepreneurs are risk takers. The greater the risk the higher the potential return and the larger the potential loss. Most who do make a fortune are simply in the right place at the right time, but more lose than win when the stakes are big. That's what the financial crash showed. Some people then throw good money after bad, usually because their ego is so big. Some are lucky and manage to turn it round, but that usually requires a change in leadership. When the leadership is also the owner the risks are typically higher and the falls typically greater.



  • Registered Users, Registered Users 2 Posts: 29,434 ✭✭✭✭AndrewJRenko


    O'Brien lost about half a billion with his little foray into Independent Newspapers. He could still lose more financially and reputationally as the various investigations play out.



  • Registered Users Posts: 437 ✭✭TipsyMcStagge


    It was about control in the end for Quinn he was and is a control freak losing the money didn't even bother him losing control of the business is what killed him inside.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 493 ✭✭Stanley 1


    Had not seen anything about CFD being from the kids, not one of them is qualified to understand them, maybe they thought is was like having a bet at the bookies on an even/odds on favourite, wonder if they/Daddy even knew it was a supreme gambler in J P McManus on the other side of the CFDs.


    It is ridiculous that this family owns a bookie company, Quinnbet.


    Unhinged, yes, many see this as a basic quality in an entrepreneur, look at Musk.......



  • Registered Users, Registered Users 2 Posts: 493 ✭✭Stanley 1




  • Moderators, Politics Moderators Posts: 40,287 Mod ✭✭✭✭Seth Brundle


    It is ridiculous that this family owns a bookie company, Quinnbet.

    If I were a sceptic I'd say that it could be a front for cleaning money but I'm obviously not a sceptic so obviously wouldn't say that!



  • Registered Users, Registered Users 2 Posts: 35,464 ✭✭✭✭Hotblack Desiato


    I'd say you could go whistle if you somehow won big with them anyway... you have no legal recourse against a bookie and you think Quinn doesn't know that?!

    Scrap the cap!



  • Registered Users, Registered Users 2 Posts: 15,845 ✭✭✭✭Beechwoodspark


    caught some of Quinn’s interview on “the hard shoulder”.

    It seemed to me that Cuddihy the presenter hadn’t done his research.

    He was out of his depth with Quinn who was challenging him at every turn and basically saying “here’s what happened”.

    Cuddihy didn’t have the homework done to face up to him.



  • Registered Users, Registered Users 2 Posts: 493 ✭✭Stanley 1


    Maybe J P McManus could decide to give him another spanking...........



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 35,464 ✭✭✭✭Hotblack Desiato


    Ugh, first Gilligan now Quinn... seems the airwaves are now a propaganda tool for very 'questionable' people

    Scrap the cap!



  • Registered Users Posts: 838 ✭✭✭mazdamiatamx5


    Oh dear. According to evidence furnished by Fran McGuinness, brother of the late Cyril "Dublin Jimmy" McGuinness, in the High Court, allegedly Sean Quinn knew "Dublin Jimmy" for decades! Which seems to conflict with the latter's claims that he knew "Dublin Jimmy" only vaguely.



  • Registered Users, Registered Users 2 Posts: 428 ✭✭Madeoface


    Yup. And who would be surprised about that exactly.... Let's see how this fact can be twisted....if only the media cottoned on



  • Registered Users, Registered Users 2 Posts: 20,198 ✭✭✭✭Donald Trump


    He was lucky he wasn't living in Vietnam



  • Registered Users, Registered Users 2 Posts: 19,687 ✭✭✭✭Muahahaha


    Not only did Dublin Jimmys brother say that Sean Quinn knew him for decades he also said that Sean Quinn employed him-

    He said “Cyril was a person of notoriety and they suspected him of being involved in the arson of the Quinn property”.

    Counsel said he was quite notorious and there were many newspaper stories that he was supposed to be the mastermind behind the campaign against the former Quinn property.

    He replied: “Does that make it true. He was friendly with Seán Quinn all his life and he worked for him as a subcontractor and lived in Derrylin in a property once owned by Seán Quinn.

    So Quinn had no problems knowing, employing a convicted criminal for years. Yet he claims that he had nothing to do with directing this employee of his to attack and torture Kevin Lunny.

    That priest up in Cavan was dead right to call Quinn out from the pulpit at Mass over all of this. He would have known exactly the type of relationship Quinn had with Dublin Jimmy. Indeed, Id hazard a guess that posters who have defended Quinn on this thread in the past and who also live in the Cavan-Fermanagh area knew full well about the existance of Dublin Jimmy and knew of Quinns relationship with him.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 493 ✭✭Stanley 1


    As ever anything about Dublin Jimmy and Sean Quinn seems to disappear, no sign of the cops being hassled about it.



  • Registered Users, Registered Users 2 Posts: 4,043 ✭✭✭hoodie6029


    I see his beloved Slieve Russel is up for sale again. Sean Gallagher is apparently trying to buy it but only with the ‘blessing’ of Quinn. FFS. He actually wants the blessing or he is doing it just to placate the locals so that business runs smoothly, either way, again, FFS.

    I always felt he was seriously wronged by Pat Kenny and his team costing him the Presidency. But front and centre at Quinn’s book launch and now this? Go and shite.

    As for Quinn. I posted in this thread before that when he was asked for his thoughts after Kevin Lunney’s torturers were convicted - ‘I’ve nothing good to say about that man.’ Someone he’s known from a kid and employed his parents. After years of intimidation he was abducted, tortured in the most horrible fashion. Left for dead on a rural road with broken legs and had to drag himself to safety. While his family is at home wondering if they’ll ever see him again.
    Quinn, a great guy? Is he even human?

    This is water. Inspiring speech by David Foster Wallace https://youtu.be/DCbGM4mqEVw?si=GS5uDvegp6Er1EOG



  • Registered Users, Registered Users 2 Posts: 35,464 ✭✭✭✭Hotblack Desiato


    FF bagman as president was a lucky swerve for Ireland.

    Scrap the cap!



  • Registered Users, Registered Users 2 Posts: 9,332 ✭✭✭suvigirl


    Its s very small town. Everybody knows everybody. Sure he could say he knew me, because I've been in the town numerous times and been in the same pub.



  • Posts: 0 [Deleted User]


    Yes, buy it and have the fire brigade on speed dial, or go ask the paymaster who lives next door if there is going to be trouble if you buy it.

    It would seem he has more business sense than you think.



  • Registered Users, Registered Users 2 Posts: 775 ✭✭✭SupaCat95


    Anglo Irish Bank would have happened either way. With or without Quinn. Denis Desmond (Goodbody) was in there about a month before with his financial team. He ran out of the place laughing, to borrow a phrase from Podge and Rodge. I wouldnt touch it with yours. Quinn did have a knack in fairness of turning around businesses that were mismanaged.



  • Registered Users, Registered Users 2 Posts: 4,043 ✭✭✭hoodie6029


    Remember reading Anglo Republic many years ago. Because of the way Quinn tried to buy Anglo with CFD’s instead on through the Stock Exchange, he was driving the price of the CFD’s up on himself everytime he bought more and made himself liable for a greater margin call everytime he did it. The brokers were making a fortune off him and laughing at him when they got off the phone with him.
    He took no financial advice on his move on Anglo. A complete solo run.

    This is water. Inspiring speech by David Foster Wallace https://youtu.be/DCbGM4mqEVw?si=GS5uDvegp6Er1EOG



  • Registered Users, Registered Users 2 Posts: 35,464 ✭✭✭✭Hotblack Desiato


    He did a great job turning around Quinn Insurance didn't he? We're all still paying for that one.

    Scrap the cap!



  • Registered Users, Registered Users 2 Posts: 493 ✭✭Stanley 1


    Gallagher would have monetised the Presidency for his personal gain and ego, think Ahern/Haughey rolled into one.

    His deference to Quinn is about respect and fear, he knows full well how big Daddy Quinn is and the power he still retains.



  • Registered Users, Registered Users 2 Posts: 775 ✭✭✭SupaCat95


    Its easy to remember the failures but what about the successes? Barlo radiators, the glass recycling, insulation, etc.

    YYou also need to remember the industry he brought to the border counties. Never seen a minister for enterprise up there before.

    IIts easy to remember Sean Quinn and forget about the other shennighans at NAMA and the NTMA. Remember? Brother in laws buying massive houses at knock down prices?



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 775 ✭✭✭SupaCat95


    You still think you are paying for that? That has well been long paid for. I bet you still pay for fizzy drinks thinking its for the boer war or Peters Pence is still paying for the crusades.



  • Registered Users, Registered Users 2 Posts: 15,560 ✭✭✭✭elperello


    We are still paying.

    I never did any business with Sean Quinn apart from having drinks and food in some of his premises which I paid for.

    I resent the fact that his business continues to cost me money every time I pay an invoice for insurance.

    https://www.irishexaminer.com/news/arid-20239591.html



  • Registered Users, Registered Users 2 Posts: 52,198 ✭✭✭✭tayto lover


    I have a serious problem with having to pay for other people's greed and mis-management too, Quinn, PMPA etc.



  • Registered Users, Registered Users 2 Posts: 493 ✭✭Stanley 1


    Meanwhile QuinnBet goes from strength to strength openly, hiding ownership offshore whilst Quinn's "kids" all have large judgments against them which are not being reduced, Quinn does not own his mansion, the kids do, nice stroke, sell it off and reduce their debts to the State.



  • Posts: 0 ✭✭ Dana Sour Hairdressing


    Depends whether you believe in the death penalty I suppose. That level of fraud destroys lives on an epic scale, as did our banking crisis. You'll mostly never hear about the people, who say, took their own lives because of financial ruin… and it likely won't be directly linked. But many people know of such stories. Where is the justice for those people?

    The difference with Quinn, I would say, is that he was more reckless than deliberately malicious. As were the people lending to him. At what point do you decide someone went beyond stupidity/recklessness and into deliberately malicious territory?

    I think in a communist country, everybody is supposed to be working towards the common good. That's the idea anyway, so perhaps they have a more hardened view of someone jeopardising other people's financial welfare.



  • Moderators, Politics Moderators Posts: 40,287 Mod ✭✭✭✭Seth Brundle


    Is his nephew, Peter Darragh Quinn, still wanted by the gardai innorder to serve prison time for contempt of court?



  • Registered Users, Registered Users 2 Posts: 15,560 ✭✭✭✭elperello


    I get annoyed when I think of the mess he made of things but I wouldn't wish him to be emisserated in his old age.

    If he was put living on beans and toast in a caravan in a boggy field it still wouldn't touch the sides of what's owed.

    I'll begrudgingly write off the few euro it costs me and leave it to Revenue and other regulatory bodies to keep an eye on current dealings.



  • Registered Users, Registered Users 2 Posts: 775 ✭✭✭SupaCat95


    You missed my point. Any debts accrued by the Quinn insolvency has been paid back this is the Revenue comissioner riding you at this stage.



  • Registered Users, Registered Users 2 Posts: 3,559 ✭✭✭celt262


    But but Quinn.

    People will pay alot more for all these chancers coming into the country claiming asylum.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 15,560 ✭✭✭✭elperello


    But nothing.

    This thread is about Sean Quinn that's why we are discussing him here.



  • Registered Users Posts: 425 ✭✭CarProblem


    Your "point" is total bunkum. A 2% levy was introduced in 2012 and still remains on non-life insurance premiums to pay the bill racked up by this crook, cowboy and charlatan

    https://www.oireachtas.ie/en/debates/question/2021-06-02/98/

    "The 2 per cent Insurance Compensation Fund (ICF) levy is the only pure "levy" charged on insurance premiums. This is charged to fund the ICF which covers the cost of claims in this State where an insurer goes into liquidation. This levy was in place from 1984 to 1992 and was reintroduced in January 2012. It currently applies at a rate of 2 per cent of premiums received on all non-life insurance policies and its purpose is primarily to repay the Exchequer for funding the administration of Quinn Insurance. As there is still a significant amount owing to the State, the levy is likely to be applied for the remainder of this decade."



  • Registered Users Posts: 425 ✭✭CarProblem


    You seem surprised that people are talking about Sean Quinn on a thread about….. Sean Quinn?



  • Registered Users, Registered Users 2 Posts: 15,560 ✭✭✭✭elperello




  • Registered Users, Registered Users 2 Posts: 2,374 ✭✭✭mikethecop


    sean quinn is a criminal associated with other scummy criminals and scammed the entire country, he should be slowly dying on a dirty jail cell ,

    how any one could defend him a a mystery frankly , a ham fisted attempt to deflect to asylum scroungers ? your not one of those lads posting from a bot farm in the US or something are you ?



  • Registered Users, Registered Users 2 Posts: 45,734 ✭✭✭✭Bobeagleburger




  • Advertisement
  • Registered Users, Registered Users 2 Posts: 493 ✭✭Stanley 1




  • Registered Users, Registered Users 2 Posts: 35,464 ✭✭✭✭Hotblack Desiato




  • Registered Users, Registered Users 2 Posts: 35,464 ✭✭✭✭Hotblack Desiato




  • Registered Users, Registered Users 2 Posts: 775 ✭✭✭SupaCat95


    The source? Anglo Irish Bank was deep in trouble long before Sean Quinn turned up. Anglo had crazy profits because they cut corners on internal supports like back up engineering and such. There were million euro loans applied for in the morning and approved by midday with nobody reading let alone checking the business plan. Nobody dared question these practices. The governor of the central bank was afraid due to political pressure to discipline the bank. The bank (or banking system) was in trouble long before Quinn arrived due to lax regulation. I never said Quinn was without fault or his eyes werent bigger than his belly.

    Shure Sean Quinn was greedy but the banking crisis would have happened either way.



  • Registered Users, Registered Users 2 Posts: 35,464 ✭✭✭✭Hotblack Desiato


    That's just another deflection, nobody is saying Quinn was responsible for Anglo failing.

    He was responsible for plenty and we're all still paying for it.

    Scrap the cap!



  • Advertisement
Advertisement