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Richie by name...Richie by nature...

  • 16-04-2010 04:54PM
    #1
    Posts: 22,785 ✭✭✭✭


    Not alone did Richie Boucher new[ish] CEO of BOI get €1.5 million topped into his pension this year by the peoples bank of north korea Ireland.
    He also got a "special allowance" of €123,000 on top of his salary bringing that to €623,000 when it's supposed to be not greater than €500k...

    He can now retire at age 55 on an annual pension of €367,000 a year [according to the business news just now on 5-7 live on RTE] , thats over a €1000 a day gross or about 600 a day net.

    God love him.

    Meanwhile,said bank is refusing loans to business on a regular basis I hear anecdotaly having received billions of euro's borrowed in our name to save it from it's own bankruptcy .

    http://www.rte.ie/business/index.html

    What an out and out Farce.

    Discuss :)


«1

Comments

  • Registered Users, Registered Users 2 Posts: 2,321 ✭✭✭IrishTonyO


    This really is taking the piss! What is the point of capping a salary at €500,000 when they can makes payments of 1.5 million and 123,000 extra oin top of it.
    Brian Lenihan better do something about this, before he gives them any more money


  • Closed Accounts Posts: 18,163 ✭✭✭✭Liam Byrne


    Write a letter to BoI saying that you're closing your account, and tell them exactly why.


  • Closed Accounts Posts: 1,647 ✭✭✭MaceFace


    Exactly why pay caps never work. Always a way around it.


  • Registered Users, Registered Users 2 Posts: 2,321 ✭✭✭IrishTonyO


    Anybody know, has Mr Lenihan or the government made any comment on this yet?


  • Registered Users, Registered Users 2 Posts: 13,227 ✭✭✭✭jmayo


    IrishTonyO wrote: »
    This really is taking the piss! What is the point of capping a salary at €500,000 when they can makes payments of 1.5 million and 123,000 extra oin top of it.
    Brian Lenihan better do something about this, before he gives them any more money

    FFS why do some people around here have such faith in the chancer ?
    He is even touted by some as a future leader of both his corrupt shyster party and the country.

    Lendahand probably knew all along that this was going to happen as it was a way to up the salary and get around the cap.

    Maceface, for once I agree with you.
    Pay caps are ineffective and in this case it shouldn't exist, but on the other side the guy that was in charge of ramping up the borrowing should be out on his fat ar** with no pension nevermind be the head of the bank.
    Only in Ireland and it shows the weakness of brian lendahand.

    BOI, AIB should have had complete clensing of all top management to be replaced with only non Irish staff.

    If you want something done right get a foreigner should be the country's new motto.

    I am not allowed discuss …



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  • Posts: 22,785 ✭✭✭✭ [Deleted User]


    Not untill it hits the Joe Duffy show...

    Why do you think they released the information late on a friday and also when the story would be *cough* buried in ash..


  • Registered Users, Registered Users 2 Posts: 1,447 ✭✭✭jprender


    There should be a special 100% banker tax applied to any amounts received above the salary cap of 500k.

    That'll sort these fookers out.


  • Registered Users, Registered Users 2 Posts: 13,011 ✭✭✭✭Sand


    We should have simply left the banks as institutions to burn, rescued the depositors as much as we were able and relaunched the staff and branch network under new ownership and management. All the energy and cunning employed to force through NAMA could have been used for the benefit of the Irish people as opposed to the insiders.

    Now we are simply left watching in awe at the sheer brass neck of the insiders who lecture us on stern patriotism and taking the tough, unpopular decisions whilst still having their snouts firmly in the trough, smaller though it is. I guess, from the point of view of guys like Lenihan, Fianna Fail in general, the trade unions, and the bankers these stories are a good thing - its not enough for us to be downtrodden. We have to *know* we are downtrodden, so we recognise their own power. And stuff like this reinforces the fact.


  • Registered Users, Registered Users 2 Posts: 19,044 ✭✭✭✭murphaph


    Sand wrote: »
    We should have simply left the banks as institutions to burn, rescued the depositors as much as we were able and relaunched the staff and branch network under new ownership and management. All the energy and cunning employed to force through NAMA could have been used for the benefit of the Irish people as opposed to the insiders.

    Now we are simply left watching in awe at the sheer brass neck of the insiders who lecture us on stern patriotism and taking the tough, unpopular decisions whilst still having their snouts firmly in the trough, smaller though it is. I guess, from the point of view of guys like Lenihan, Fianna Fail in general, the trade unions, and the bankers these stories are a good thing - its not enough for us to be downtrodden. We have to *know* we are downtrodden, so we recognise their own power. And stuff like this reinforces the fact.
    I used to be a a D15 constituent. Brian Lenihan was one of my TDs. The people of Dublin West can remove him from the Dail at any election, same as anyone else. We need to lose the resignation to helpless attitude tbh and engage in politics to improve it and get it to deliver what WE want. There is (even now) far too much political apathy in Ireland. Very few people write to their TDs to express concern, anger, fear, hope or anything else! People need to start emailing them and telling them what we want them to do for us. If they fail to deliver reasonable requests (like capping this lad's salary to 500k for example), they should be replaced.

    The people have the power, they just don't realise it like other electorates.


  • Closed Accounts Posts: 154 ✭✭soden12


    The ordinary person in this country is being taken for a ride. Despite all our belt-tightening, the cutting of services, the strangling of credit :

    http://www.rte.ie/news/2010/0416/boi.html

    "Bank of Ireland's chief executive received a once off top up to his pension of €1.5m last year.


    This comes on top of an annual salary of €623,000 being paid to Richie Boucher."

    Time for a firing squad to get rid of these leeches.


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  • Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Not untill it hits the Joe Duffy show...

    Why do you think they released the information late on a friday and also when the story would be *cough* buried in ash..

    Eh, the annual report was available since early this morning. Mind you if anyone took the time to look at the annual report you'd have a good job trying to find that nugget of info. At a time when the BOI pension fund is in deficit I find this disclosure mindblowing truth be told.


  • Registered Users, Registered Users 2 Posts: 5,336 ✭✭✭Mr.Micro


    From what I see the US banks are rolling in it again, money that is, and the Irish Banks too in handouts. Almost as if the meltdown never happened. It will be round 2 in the future as the banks dream up more schemes to con investors and borrowers, using more mathematical formulae. Will we see it coming this time? Little has been learned... bar the fact that the banks now know that they are untouchable as they are indispensable for Governments and business and appear to be above any real regulation or salary caps.


  • Posts: 22,785 ✭✭✭✭ [Deleted User]


    stepbar wrote: »
    Eh, the annual report was available since early this morning. Mind you if anyone took the time to look at the annual report you'd have a good job trying to find that nugget of info. At a time when the BOI pension fund is in deficit I find this disclosure mindblowing truth be told.
    rte got the full report only at 4 pm-david murphy 5-7 live.


  • Closed Accounts Posts: 6,123 ✭✭✭stepbar


    rte got the full report only at 4 pm-david murphy 5-7 live.

    Only at 4pm? What the hell where they up to? I read the report at c12pm (granted internally) and I believe it was available for inspection in the Irish Stock Exchange early this morning.


  • Registered Users, Registered Users 2 Posts: 1,017 ✭✭✭The_Thing


    Time for a firing squad to get rid of these leeches.

    Bullets cost money. You could kill hundreds, thousands even, with a single bayonet afixed atop a .303


  • Registered Users, Registered Users 2 Posts: 3,836 ✭✭✭donkey balls


    they reported it at 5pm this evening thinking that most people will forget about it by monday morning.


  • Closed Accounts Posts: 6,123 ✭✭✭stepbar


    they reported it at 5pm this evening thinking that most people will forget about it by monday morning.

    "They" being RTE. The report was available for inspection this morning at the Irish Stock Exchange.


  • Posts: 22,785 ✭✭✭✭ [Deleted User]


    Well if it was,then that fact wasn't published.
    No news programme that I heard during the day had the story.

    It was actually john murray that had the story and the report was published/entered into the public domain in the afternoon conveniently after that pesky joe duffy show...

    http://www.rte.ie/radio1/drivetime/

    Listen on line,it's after the volcano flights story about 10 mins in.
    Thats when it was breaking.

    Fishy timing indeed.


  • Closed Accounts Posts: 154 ✭✭soden12


    Yeah, but maybe the Stock exchange didn't issue this damning report until after business hours. Maybe only the chosen few, the golden circle of leeches received it beforehand ?

    Maybe it was only publicised on a nod and a wink beforehand ?

    Now that we own the banks lets enforce a few rules on them - cap executives salaries, cut other salaries, cut staff loan/mortgage subsidies , extend opening hours and make the whole thing a bit more customer friendly.


  • Registered Users, Registered Users 2 Posts: 5,932 ✭✭✭hinault


    €1.5m pension top up.

    Thats 2.5 years gross salary paid in to Boucher's pension trough.


    Goggin the previous CEO had difficulty recalling just exactly how much he made, if I recall.

    We're being fcuked again, people.


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  • Registered Users, Registered Users 2 Posts: 5,932 ✭✭✭hinault


    soden12 wrote: »
    Yeah, but maybe the Stock exchange didn't issue this damning report until after business hours. Maybe only the chosen few, the golden circle of leeches received it beforehand ?

    Maybe it was only publicised on a nod and a wink beforehand ?

    Now that we own the banks lets enforce a few rules on them - cap executives salaries, cut other salaries, cut staff loan/mortgage subsidies , extend opening hours and make the whole thing a bit more customer friendly.

    All directions remuneration should be capped : wages/pensions/sahre entitlement/expenses/bonus.


  • Closed Accounts Posts: 154 ✭✭soden12


    So comforting knowing that my money and my children's money is going towards propping up a bunch of crooks who thought they were invincible. Its going towards a branch organisation that has short opening hours and is at its poorest during critical hours. Gee Mr Banker - if lunchtime is bust then why the f do you give your staff lunch break at that time ?

    A firing squad would be an ideal solution


  • Registered Users, Registered Users 2 Posts: 5,932 ✭✭✭hinault


    soden12 wrote: »
    So comforting knowing that my money and my children's money is going towards propping up a bunch of crooks who thought they were invincible. Its going towards a branch organisation that has short opening hours and is at its poorest during critical hours. Gee Mr Banker - if lunchtime is bust then why the f do you give your staff lunch break at that time ?

    A firing squad would be an ideal solution


    What bugs me is that the taxpayer has bailed out all of the retail banks - after they came cap in hand to us in September 2008.
    Now they pat themselves on the back by awarding 2.5 times annual salary pension top up.
    AND THEIR STILL NOT PREPARED TO LEND MONEY IN TO THIS ECONOMY.

    If this entire scenario is not a definition of madness, i don't know what is.


  • Registered Users, Registered Users 2 Posts: 955 ✭✭✭Pot Noodle =


    What are we going to do about it then


  • Registered Users, Registered Users 2 Posts: 13,227 ✭✭✭✭jmayo


    stepbar wrote: »
    Eh, the annual report was available since early this morning. Mind you if anyone took the time to look at the annual report you'd have a good job trying to find that nugget of info. At a time when the BOI pension fund is in deficit I find this disclosure mindblowing truth be told.

    May I ask are you working for one of the units that BOI propose to sell ?
    Must be comforting for those employees to know that they are being sacrificed by richie, all the while his pension top, bonuses, etc, etc don't get hit. :rolleyes:
    The_Thing wrote: »
    Bullets cost money. You could kill hundreds, thousands even, with a single bayonet afixed atop a .303

    FFS you don't using firing squads.
    After WWII Nazis were hanged, firing squds are reserved for those with honour.
    stepbar wrote: »
    "They" being RTE. The report was available for inspection this morning at the Irish Stock Exchange.

    Listen RTE hafl the time need to be led to a story.
    Even then they are used as propaganda machine by the government, by quinn, whoever has the pull.

    Anyone listening to lendahand on with Marian Finucane ?
    Typical he will go on a show where he can have semi compliant RTE interviewer.
    Why not have other guest on the show with him or why not go on Emaon Keane, George Hook (Newstalk) if he has all the balls that we hear his sycophants always braying about around here ?

    I am not allowed discuss …



  • Closed Accounts Posts: 171 ✭✭northwest100


    Pot wrote:
    What are we going to do about it then

    remove FF from power.. by force if necessary, is there any other way? they clearly don't give a **** what bankers do with taxpayers money and they care even less for the people who voted for them.

    chances are though, people will just moan about it for a while, wait for next election and vote them in again. :D


  • Registered Users, Registered Users 2 Posts: 1,103 ✭✭✭pjmn


    I can assure you as a BOI employee I'm none to impressed either - didn't know about this before leaving work on Friday evening - will be making my views known on Monday, for what worth....angry-smiley-1497.gif


  • Closed Accounts Posts: 53 ✭✭GoldenEarring


    They had covered their asses already because that cap on bankers' (should that b be a w?) pay was only for NEW appointments so they knew it would hardly affect their banker pals at all.


  • Registered Users, Registered Users 2 Posts: 1,017 ✭✭✭The_Thing


    FFS you don't using firing squads.
    After WWII Nazis were hanged, firing squads are reserved for those with honour.

    I never suggested a firing squad - I was talking about only using bayonets;

    800px-Bayonet.jpg


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  • Registered Users, Registered Users 2 Posts: 806 ✭✭✭bonzos


    IrishTonyO wrote: »
    Anybody know, has Mr Lenihan or the government made any comment on this yet?
    On a two week holiday please call back later:D


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