NAMA Pay Hike - Suprised?

TheDuderino

No...
Just thought they'd wait at least 6 months before grabbing more.

70% pay increase.... FFS!

http://www.breakingnews.ie/ireland/pay-hike-for-nama-staff-449667.html

bazmaiden

Its so corrupt it's almost funny isn't it, they don't give a flying f*ck

orourkeda

sweet.

enda1

bazmaiden wrote: »

Its so corrupt it's almost funny isn't it, they don't give a flying f*ck

What makes you think its corrupt? Or are you just basing this on a dream you had?

Biggins

Absolutely does not surprise me.
They know they can get away with it and take note, they announce this when the Dail is closed so public discussion about it, is kept to the bar stools and no further!
The TD's being all gone their directions for Paddy's day!

Timing coinsidence or what?

stevoman

Ah sure look, id least i dont have to feel so bad now about not answering the phones or doing any counter duties for the rest of the day now.

enda1

stevoman wrote: »

Ah sure look, id least i dont have to feel so bad now about not answering the phones or doing any counter duties for the rest of the day now.

I am very glad the money they took from you will be given to someone who will actually do some work!

Princess Consuela Bananahammock

The governmnet ****s you.

You take no action.
You moan about people takign no action.
Poeple take action and strike - you moan about them taking action.

MAKE YOUR ****ING MINDS UP.

if you´re that pissed off, do soemthing about it. If you don´t, I can only assume you´re not that pissed off. So does the government.

enda1

Ikky Poo2 wrote: »

The governmnet ****s you.

You take no action.
You moan about people takign no action.
Poeple take action and strike - you moan about them taking action.

MAKE YOUR ****ING MINDS UP.

if you´re that pissed off, do soemthing about it. If you don´t, I can only assume you´re not that pissed off. So does the government.

Who are you shouting at? Who is this you person you speak of?

king_of_inismac

People need some realism here.

The NAMA people are staff from the National Treasury Agency and are currently swamped in NAMA-related work. I have no problem giving them a raise to reflect all the work their doing.

And the chair has got an increase of 70% to 170,000. Might seem like a lot, but for the man responsible for managing the largest asset vehicle in the world, it really is not a huge amount of money. I was honestly surprised at how LITTLE he was earning!

Before someone suggests I have any connects with NAMA/Government/Developers, I don't. But I am aware of the standard packages chief executives and Chairs normally receive, and this is WELL below average!

damoz

I am only surprised it took so long..... 3 months on those meagre wages... maybe it will be back dated.

Princess Consuela Bananahammock

enda1 wrote: »

Who are you shouting at? Who is this you person you speak of?

Most of the posters so far, bar the ones who don´t mind and Biggins who, I know, has taken action in the past.

And anyone else who thinks that this is in some way unfair. ESPECIALLY those who voted for FF in the last election.

stevoman

enda1 wrote: »

I am very glad the money they took from you will be given to someone who will actually do some work!

ah sure i dont mind. i make too much anyways.

genericguy

Ikky Poo2 wrote: »

Most of the posters so far, bar the ones who don´t mind and Biggins who, I know, has taken action in the past.

And anyone else who thinks that this is in some way unfair. ESPECIALLY those who voted for FF in the last election.

probably me as well, i moan a huge amount, but i just don't have the time to go throw stones at bertie's office. fcuk it, let's set up a party.

Here's my manifesto -

JUSTICE - send a baseball bat to the home of all the electorate, so that we can save money on police by giving everyone the option of dealing out the justice that the courts won't. All police in future to have a minimum of a degree. no more taytos with 5 D grades in the Leaving cert, it's not fcuking on.

FINANCE - all TD positions will be e50 grand a year, with compulsory clocking in/out and published expenses. no more money spent on spires, or the arts. paddy's day cancelled cos it's only so people can get drunk and try to fight you. introduce a huge tax on churches, because they are more harmful than smoking. water charge of e500/household/year. (figure plucked from my arse)

HEALTH - GET. HARNEY. OUT.

DRUGS - legalise, tax and control everything. mandatory 10 year sentences for anyone found dealing.

stevoman

genericguy wrote: »

probably me as well, i moan a huge amount, but i just don't have the time to go throw stones at bertie's office. fcuk it, let's set up a party.

Here's my manifesto -

JUSTICE - send a baseball bat to the home of all the electorate, so that we can save money on police by giving everyone the option of dealing out the justice that the courts won't. All police in future to have a minimum of a degree. no more taytos with 5 D grades in the Leaving cert, it's not fcuking on.

FINANCE - all TD positions will be e50 grand a year, with compulsory clocking in/out and published expenses. no more money spent on spires, or the arts. paddy's day cancelled cos it's only so people can get drunk and try to fight you. introduce a huge tax on churches, because they are more harmful than smoking. water charge of e500/household/year. (figure plucked from my arse)

HEALTH - GET. HARNEY. OUT.

DRUGS - legalise, tax and control everything. mandatory 10 year sentences for anyone found dealing.

i wish to subscribe to your pamphlet

genericguy

stevoman wrote: »

i wish to subscribe to your pamphlet

then just PM me your bank a/c details and we'll get on it together.

seriously though, lets set up a party. we'd at least get into the papers and get to publicly make harney jokes with a massive audience.

IrishManSaipan

In years to come, people will use the word NAMA to describe a scam. People are still under the illusion that NAMA is designed to bail out the property developers and banks. This is patently false. Its principle function is to funnel enough tax payers money into the banks through the front door to ensure the banks can funnel it out the back door to the bondholders.

Princess Consuela Bananahammock

genericguy wrote: »

JUSTICE - send a baseball bat to the home of all the electorate, so that we can save money on police by giving everyone the option of dealing out the justice that the courts won't. All police in future to have a minimum of a degree. no more taytos with 5 D grades in the Leaving cert, it's not fcuking on.

ANARCHY!!!!! Extreme leftist!!

FINANCE - all TD positions will be e50 grand a year, with compulsory clocking in/out and published expenses. no more money spent on spires, or the arts. paddy's day cancelled cos it's only so people can get drunk and try to fight you. introduce a huge tax on churches, because they are more harmful than smoking. water charge of e500/household/year. (figure plucked from my arse)

TOTALISTARIANISM!!! Extreme rightist!! Hell of a swing there, mate - hope gravity didn´t come into play.

HEALTH - GET. HARNEY. OUT.

GOOD POINT!!!! And we´re back in the middle again....

[/B]DRUGS - legalise, tax and control everything. mandatory 10 year sentences for anyone found dealing.

ANARC... TOTALIT.... Liberalism....??

Biggins

genericguy wrote: »

...seriously though, lets set up a party.

I'm in. Have the website and all!

genericguy

Ikky Poo2 wrote: »

ANARCHY!!!!! Extreme leftist!!

TOTALISTARIANISM!!! Extreme rightist!! Hell of a swing there, mate - hope gravity didn´t come into play.

GOOD POINT!!!! And we´re back in the middle again....

ANARC... TOTALIT.... Liberalism....??

this mixture of different ideologies will be called

commonsensism. a concept so outlandish to this country that we will be doomed to fail from the start.

TheDuderino

king_of_inismac wrote: »

People need some realism here.

The NAMA people are staff from the National Treasury Agency and are currently swamped in NAMA-related work. I have no problem giving them a raise to reflect all the work their doing.

And the chair has got an increase of 70% to 170,000. Might seem like a lot, but for the man responsible for managing the largest asset vehicle in the world, it really is not a huge amount of money. I was honestly surprised at how LITTLE he was earning!

Before someone suggests I have any connects with NAMA/Government/Developers, I don't. But I am aware of the standard packages chief executives and Chairs normally receive, and this is WELL below average!

Arrrrah Balls!
The people who now work in NAMA, signed up knowing full well what the task in hand would be and how much work they would need to wade through. It isnt as if the work load kinda snuck up on them after a few years. Its only been a few months, so yeah, they knew what the work load would be, they agreed wages for this work load but now they are in, they have started to milk it.
I was just a little naive to think it would be 6+ months before it would start.

Besides... if they had advertised the jobs at this new level in the beginning, chances are more qualified people (who expected a higher wage) would have been lured into the position.

Princess Consuela Bananahammock

genericguy wrote: »

this mixture of different ideologies will be called

commonsensism. a concept so outlandish to this country that we will be doomed to fail from the start.

Sorry, but

JUSTICE - send a baseball bat to the home of all the electorate, so that we can save money on police by giving everyone the option of dealing out the justice that the courts won't. All police in future to have a minimum of a degree. no more taytos with 5 D grades in the Leaving cert, it's not fcuking on.

FINANCE - all TD positions will be e50 grand a year, with compulsory clocking in/out and published expenses. no more money spent on spires, or the arts. paddy's day cancelled cos it's only so people can get drunk and try to fight you. introduce a huge tax on churches, because they are more harmful than smoking. water charge of e500/household/year. (figure plucked from my arse) [/B]

...this is anything but common sense!!! Entertaining, yes (especially the bit about guards having degrees ) but.... just not common sense!

carlmango11

Ikky Poo2 wrote: »

The governmnet ****s you.

You take no action.
You moan about people takign no action.
Poeple take action and strike - you moan about them taking action.

MAKE YOUR ****ING MINDS UP.

if you´re that pissed off, do soemthing about it. If you don´t, I can only assume you´re not that pissed off. So does the government.

I always hear people saying this. Honestly, what are the people meant to do. The first thing that comes to my head is protest, but even that requires massive amounts of organisation and support. A lot of people I know, my family and self included would be more than willing to show support for anything rivalling the governments actions

genericguy

Ikky Poo2 wrote: »

Sorry, but



...this is anything but common sense!!! Entertaining, yes (especially the bit about guards having degrees ) but.... just not common sense!

definitely is common sense ikky, people should be allowed protect themselves and avenge their loved ones rather than watch scum who do bad things to them getting sent for free food, gym and shelter for a couple of months.

and the gardaí should be very well educated, as in my own experience many of them are thick and as such I have little confidence in many of their abilities both as keepers of the peace and as solvers of crime. they should also be better paid in respect of their education.

someone applying should only be allowed to be a garda in the traffic corps
degree/postgrad = more likely to be capable of lateral thought and troubleshooting problems, so they can be real cops. with guns.

Overheal

Sadly, theres some legitimate grievances in this thread - but they're obsfuscated by a storm of hysterical ridicule and mockery of what should be a very serious concern.

Precious flower

genericguy wrote: »

probably me as well, i moan a huge amount, but i just don't have the time to go throw stones at bertie's office. fcuk it, let's set up a party.

Here's my manifesto -

JUSTICE - send a baseball bat to the home of all the electorate, so that we can save money on police by giving everyone the option of dealing out the justice that the courts won't. All police in future to have a minimum of a degree. no more taytos with 5 D grades in the Leaving cert, it's not fcuking on.

FINANCE - all TD positions will be e50 grand a year, with compulsory clocking in/out and published expenses. no more money spent on spires, or the arts. paddy's day cancelled cos it's only so people can get drunk and try to fight you. introduce a huge tax on churches, because they are more harmful than smoking. water charge of e500/household/year. (figure plucked from my arse)

HEALTH - GET. HARNEY. OUT.

DRUGS - legalise, tax and control everything. mandatory 10 year sentences for anyone found dealing.

Reminds me of that Father Ted quote
Ted: Dougal, how did you get into the church in the first place? Was it, like, 'collect 12 crisp packets and become a priest?'

But in all seriousness, it's shocking, this country really needs to change it's way of thinking but I think everyone afraid that if they get rid of this goverment a worse one may come along and take it's place.

Jip

I'd love to see who this genius is that people think is going to come in and replace Harney and make the health service a model one

I'm no fan of the current government but you're only fooling yourselves if you think there's going to be an improvement when she goes, she's the only one willing to take it on and has done a better job that anyone of the other crowd would have. FF are happy to leave her hanging there so they can turn around and tell their constituents, look, it wasn't one of us, it was a PD/ex PD, a right stitch up if there ever was one.

We either need a ruthless business man or a minister willing to tell the unions and management to go fu(k themselves, this is the way it's going to work from now on, neither of which is going to happen.

Liam Byrne

king_of_inismac wrote: »

The NAMA people are staff from the National Treasury Agency and are currently swamped in NAMA-related work. I have no problem giving them a raise to reflect all the work their doing.

Forgive me if I'm wrong, but this "all the work they're doing" is the same work that was always on the cards ?

And what about all the people countrywide who are swamped doing extra work because some of their colleagues were laid off ?

I tell ya - if I was on €100K a year I'd be available round the clock - that's phenomenal money to earn.....almost €400 per day!

Liam Byrne

Jip wrote: »

We either need a ruthless business man or a minister willing to tell the unions and management to go fu(k themselves, this is the way it's going to work from now on, neither of which is going to happen.

We also need a minister willing to tell timewasters and expense-grabbers and perjurors and every other dodgy self-serving gob****e in his own party that their actions will not be tolerated, and that they're going to earn €50K max from now on, with no pensions until they're 68 the same as every other normal person.

Jip

Now where can we ever get such people ?

flynnlives

jobs for the boys!!!!

questionmark?

genericguy wrote: »

probably me as well, i moan a huge amount, but i just don't have the time to go throw stones at bertie's office. fcuk it, let's set up a party.

Here's my manifesto -

JUSTICE - send a baseball bat to the home of all the electorate, so that we can save money on police by giving everyone the option of dealing out the justice that the courts won't. All police in future to have a minimum of a degree. no more taytos with 5 D grades in the Leaving cert, it's not fcuking on.

FINANCE - all TD positions will be e50 grand a year, with compulsory clocking in/out and published expenses. no more money spent on spires, or the arts. paddy's day cancelled cos it's only so people can get drunk and try to fight you. introduce a huge tax on churches, because they are more harmful than smoking. water charge of e500/household/year. (figure plucked from my arse)

HEALTH - GET. HARNEY. OUT.

DRUGS - legalise, tax and control everything. mandatory 10 year sentences for anyone found dealing.

So are you running in the next election? all you need now is a photo of you pointing a gun at a camera and ur a shoe in!

Sea Sharp

I tell ya - if I was on €100K a year I'd be available round the clock - that's phenomenal money to earn.....almost €3,000 per day! That's €400 per working hour!

Does not compute. 100k a year is roughly 2,000 p/w.

I reckon a political party formed through boards.ie is a brilliant idea. Yiz could set up another sub-forum in politics where debates are carried out on what policies the party should adopt. Online polls could be used to see what policies such a party should take.

There's an awful lot of intelligent people on this site and half the people over on the economics forum would probably run the economy better than the current government.

Liam Byrne

GaNjaHaN wrote: »

Does not compute. 100k a year is roughly 2,000 p/w.

Absolutely - reckon I threw a decimal point somewhere.

Corrected - and acknowledged here - so that it doesn't seem like I'm trying to misrepresent or make the issue worse than it actually is.

tomhappens

Besides the pay rise what is really getting on my goat is the statement I keep hearing on the Radio.

Something along the lines that it is "justified due to the workload this year in comparison to previous years"

Previous years? Did I fuking miss something? Was I in a comma for a while and no one told me? Did NAMA exist for years and for a laugh no one in the country told me?

This country is a joke. So big a joke that if I was in power I'd probably just guild the lilly too as you can get away with it.

oppenheimer1

Liam Byrne wrote: »

Forgive me if I'm wrong, but this "all the work they're doing" is the same work that was always on the cards ?

And what about all the people countrywide who are swamped doing extra work because some of their colleagues were laid off ?

I tell ya - if I was on €100K a year I'd be available round the clock - that's phenomenal money to earn.....almost €400 per day!

But would you have the necessary skill set to run the largest asset agency in the world?

Not many CEO's would get out of bed for €170k let alone €100k. We are getting the people cheap, lets hope they haven't got the wrong people. I am surprised at the timing of the announcement, theres more to the story than we're being told... One does not just get handed a €70k pay rise..

Liam Byrne

oppenheimer1 wrote: »

But would you have the necessary skill set to run the largest asset agency in the world?

Depends on what "skill set" is required.

Selling what I firmly believe is a con-job and a transfer of wealth to irresponsible gamblers while screwing hardworking people ? No - I don't think I could. No amount of money would make me turn my back on my ethics to that level.

oppenheimer1 wrote: »

I am surprised at the timing of the announcement, theres more to the story than we're being told... One does not just get handed a €70k pay rise..

I have to agree here, and I can't help thinking that it's linked to the story at the weekend that NAMA is not allowed to use the ridiculous fictional long-term value.

And in that case, I could see Daly going "this wasn't in the contract and I'm not going to be your fall-guy unless I'm compensated".

Is it the case ? I don't know. But we need to be told.

He "needs to be available full-time" is too vague a cop-out/fob-off.

Grimreaper666

I reckon they should be getting disturbance money for getting off their @sses and doing their jobs and disappointment money when they realise what a f**king mess they're really looking at, i'm sure you'll all agree and then there'll be a golden handshake when they leg it out of their jobs when they finally realise NAMA isn't going to work anyway.........that all subject to to there being any money left at that stage.

Grimreaper666

oppenheimer1 wrote: »

One does not just get handed a €70k pay rise..

Apparently one does if one is a member of Fianna Failure...........

galwayrush

They only meet 4 times a month??:eek: WTF?:eek: Great wages for one day's work a month.:(

*Tripper*

There are some unbelievably stupid responses in this thread.

Do you think you could hire and keep the chair of, potentially, one of the biggest asset management agencies in the world for 100k? Even 170k is too low. How do you suppose we entice highly qualified people with the skill and integrity to run an operation as big as the NAMA? Magic beans?

If good wages are not paid to those people in charge of commercial entity's then they will hire sub-standard CEO's, CFO's etc and the company will not perform or even collapse. This not only means that the guys at the top of the building will lose their wage but so will the cleaner that come's into work at 7pm, so will the administrator on 30k a year. There are repercussions throughout the whole of society.

If we don't hire the best people to run the NAMA then it will fail and we will ALL lose a lot of money. So for the sake of 170k p.a. (I think we should be paying out a lot more then that) based on X billion euro worth of good and bad assets the tax payer is not getting a bad deal.

You sound like taxi drivers. Some of you should read more and talk a bit less.

Princess Consuela Bananahammock

genericguy wrote: »

definitely is common sense ikky, people should be allowed protect themselves and avenge their loved ones rather than watch scum who do bad things to them getting sent for free food, gym and shelter for a couple of months.

and the gardaí should be very well educated, as in my own experience many of them are thick and as such I have little confidence in many of their abilities both as keepers of the peace and as solvers of crime. they should also be better paid in respect of their education.

someone applying should only be allowed to be a garda in the traffic corps
degree/postgrad = more likely to be capable of lateral thought and troubleshooting problems, so they can be real cops. with guns.

Knee-jerks, my friends, are not common sense (or have you thought these through??!). Yes, defending yourself in the home is fine but in reality, how long before someone goes Padraig Lally? Who´s goign to spend years getting a degree to become a rank-and-file Guard?

And you editied out the point abotu scaraping the arts, i noticed. Has that been rescinded, or do you have some other way of getting tourists to visit? Or are we just going to advertise ourselves as Europe´s Biggest Drikning Hole?

Liam Byrne

*Tripper* wrote: »

There are some unbelievably stupid responses in this thread.

That there are.

*Tripper* wrote: »

Do you think you could hire and keep the chair of, potentially, one of the biggest asset management agencies in the world for 100k?

He agreed to do the job for €100K. There is (I presume) a contract which proves this. So re "hire and keep" - he WAS hired (that's half of your point made irrelevant before you typed) and he agreed to the salary (that's the other half at least dented).

*Tripper* wrote: »

How do you suppose we entice highly qualified people with the skill and integrity to run an operation as big as the NAMA? Magic beans?

Why do we need to "entice" anyone ? He already had the job. No enticing required. So that's a complete red herring of a statement, tbh.

*Tripper* wrote: »

If we don't hire the best people to run the NAMA then it will fail and we will ALL lose a lot of money. So for the sake of 170k p.a. (I think we should be paying out a lot more then that) based on X billion euro worth of good and bad assets the tax payer is not getting a bad deal.

Again, we had ALREADY hired this guy.

If you don't view €100K as enough to entice the best, are you saying that he's not the best ?

*Tripper* wrote: »

You sound like taxi drivers. Some of you should read more and talk a bit less.

Depends on what we're offered to read.

stevoman

*Tripper* wrote: »

There are some unbelievably stupid responses in this thread.

Do you think you could hire and keep the chair of, potentially, one of the biggest asset management agencies in the world for 100k? Even 170k is too low. How do you suppose we entice highly qualified people with the skill and integrity to run an operation as big as the NAMA? Magic beans?

If good wages are not paid to those people in charge of commercial entity's then they will hire sub-standard CEO's, CFO's etc and the company will not perform or even collapse. This not only means that the guys at the top of the building will lose their wage but so will the cleaner that come's into work at 7pm, so will the administrator on 30k a year. There are repercussions throughout the whole of society.

If we don't hire the best people to run the NAMA then it will fail and we will ALL lose a lot of money. So for the sake of 170k p.a. (I think we should be paying out a lot more then that) based on X billion euro worth of good and bad assets the tax payer is not getting a bad deal.

You sound like taxi drivers. Some of you should read more and talk a bit less.

Thats Poo Poo

*Tripper*

I used the word hired a bit loosely. Yes I know he already had the job, the work load (unexpectedly) increased dramatically for every member of the board. This means that to keep the members of the board you have to increase their pay packets. Otherwise they will leave.

*Tripper*

stevoman wrote: »

Thats Poo Poo

Im afraid not.

Elevator

*Tripper* wrote: »

There are some unbelievably stupid responses in this thread.

Do you think you could hire and keep the chair of, potentially, one of the biggest asset management agencies in the world for 100k? Even 170k is too low. How do you suppose we entice highly qualified people with the skill and integrity to run an operation as big as the NAMA? Magic beans?

http://www.pionline.com/article/20080929/CHART/809229963

so you mean to tell me that we're to believe that nama will really put us on the asset management worldwide chart??

the biggest thing that freaks me out about nama now is that the fact that these guys have been advising the government in private on how to handle it all,

http://www.irishtimes.com/newspaper/finance/2009/0923/1224255062776.html

we are well and truely in bed with the powers that control the stockmarket

the same people who were involved in every market bubble and crash and made money every which way they wanted are now are primary dealers in Irish government bonds wtf?!?

http://www.businessandleadership.com/news/article/19958/leadership/goldman-sachs-now-primary-dealer-in-irish-government-bonds

TheDuderino

*Tripper* wrote: »

I used the word hired a bit loosely. Yes I know he already had the job, the work load (unexpectedly) increased dramatically for every member of the board. This means that to keep the members of the board you have to increase their pay packets. Otherwise they will leave.

"...the work load (unexpectedly) increased dramatically for every member of the board"
What?!!!???? no way can it be unexpected. If it is, then we dont want the dumb blind idiots who couldnt see the scale of the workload before signing contracts.

So they leave... feck em! We readvertise the positions using the increased salary base, get more qualified people in. Black ball previous position holders for being greedy muthafu*kers.
Besides, the salaries should be linked to how much money they can make the Irish Taxpayer.
They put a few billion in profit in the public purse, Ill not begrudge them a nice million or two in a bonus.