Michael O'Leary on Bloomberg "we have elected a bunch of dunces"

westtip

Just heard O'leary say this - thought it worthy of its own thread

"We have elected a bunch of dunces who are incapable of making these decisions themselves"

Brilliant.

the bolt

westtip wrote: »

Just heard O'leary say this - thought it worthy of its own thread

"We have elected a bunch of dunces who are incapable of making these decisions themselves"

Brilliant.

first time i agreed with the man,normally i cant stand him.

Inverse to the power of one!

Scary thought, and no doubt people would hate him, But O'Leary's way of running a company would suit the running of the Irish economy right around now.

Mister men

In other news the sky is blue.

kippy

Inverse to the power of one! wrote: »

Scary thought, and no doubt people would hate him, But O'Leary's way of running a company would suit the running of the Irish economy right around now.

It wouldnt really.
Some of it would transfer well but it doesnt take a rocket scientist to work that out. Some of it wouldnt work well at all, especially for those at the lower end of society.
A society does not exist solely to make a profit. What we've done as a country in the last few years has forgotten that.

This is just another free bit of advertising for MoL.

ei.sdraob

kippy wrote: »

It wouldnt really.
Some of it would transfer well but it doesnt take a rocket scientist to work that out. Some of it wouldnt work well at all, especially for those at the lower end of society.
A society does not exist solely to make a profit. What we've done as a country in the last few years has forgotten that.

This is just another free bit of advertising for MoL.

Never mind a profit, not running up so much debt in first place would be a start

In the last few years we took on a phenomenal amount of debt on unrivalled in the world history. Our debt commitments are double of what Germans had to pay after WW1 (and we all know how that ended) and still growing.

kippy

ei.sdraob wrote: »

Never mind a profit, not running up so much debt in first place would be a start

In the last few years we took on a phenomenal amount of debt on unrivalled in the world history. Our debt commitments are double of what Germans had to pay after WW1 (and we all know how that ended) and still growing.

Fully aware of that.
This debt has built up over the past two years to cover the excesses of (every sector) years gone by.

Cookie_Monster

I wonder who he voted for last time

Sponge Bob

Did you see their new poster? I hear there is one going up on a billboard in Santry where the IMF can see it

Joey leBlanc

ei.sdraob wrote: »

Our debt commitments are double of what Germans had to pay after WW1 (and we all know how that ended) and still growing.

The German WWI Debt was about 28Billion and they only finished off paying for it a few weeks back. Yes, that's 92yrs after the guns fell silent! So by my reckoning our current estimated debt should be paid off sometime in 2194. Not sure which month though! I wonder should we ressurect some leprechauns to find us some gold a.s.a.p

Daniel S

Joey leBlanc wrote: »

The German WWI Debt was about 28Billion and they only finished off paying for it a few weeks back. Yes, that's 92yrs after the guns fell silent! So by my reckoning our current estimated debt should be paid off sometime in 2194. Not sure which month though! I wonder should we ressurect some leprechauns to find us some gold a.s.a.p

Is that the value back then or the modern day equivilant?

quad_red

mtb_kng wrote: »

Is that the value back then or the modern day equivilant?

Under the 1919 Treaty of Versailles, the victorious allies ordered Germany to pay 132 billion Reichsmarks – a little under €300 billion in today’s money – a sum that crippled the already battered nation. Anger among Germans over the size of the reparations payments and the allies’ insistence that Germany take sole responsibility for the First World War helped pave the way for the Nazis’ rise to power.

The actual reparations payments themselves were finished in 1983. Under the London Agreement on German External Debts, signed by then Chancellor Konrad Adenauer in 1953, Germany was excused from paying off the €125 million in interest on the bonds until after the country was reunified.

http://www.thelocal.de/society/20100929-30145.html

Joey leBlanc

mtb_kng wrote: »

Is that the value back then or the modern day equivilant?

It's the modern day equivalent.

ei.sdraob

mtb_kng wrote: »

Is that the value back then or the modern day equivilant?

Here is the exact quote from DMcW

However, our Irish bank reparations dwarf those of Versailles. The Treaty of Versailles demanded that Germany pay €318bn in today's money. From a German population at the time of 58 million, this equates to €5,482 per person in today's money. If bank bailout costs are €50bn, then this will work out at €11,235 per head -- or more than twice the cost per head of the Treaty of Versailles to the average German.

Scarab80

ei.sdraob wrote: »

Here is the exact quote from DMcW

German GDP per capita in 1918 was €1,993 in today's money, irish GDP per capita is currently about €35,000. Another retarded meme started by DMcW, let's add that to "buy a deposit insurance policy for Anglo then liquidate it"!

Citizen_Cutback

Scarab80 wrote: »

German GDP per capita in 1918 was €1,993 in today's money, irish GDP per capita is currently about €35,000. Another retarded meme started by DMcW, let's add that to "buy a deposit insurance policy for Anglo then liquidate it"!

Lenihan (Brian) isn't looking so smart these times but I suppose you still plan to vote for him in the next General Election.

http://www.boards.ie/vbulletin/showpost.php?p=66835363&postcount=13

I'll put my cards on the table - I'm in Dublin West constituency. I'll be voting for Lenihan first because I consider him to be a competent and hard working politician.

westtip

Prick Roche is on Channel 4 news tonight - What a f***king embarrassment.

Dinge

It's bad enough that the IMF have come in and that the world's eyes are on us, without having to see the Brian Cowens and Batt O'Keeffe's of this world waffling on the TV. Talk about cringe.

Sand

@Kippy

A society does not exist solely to make a profit. What we've done as a country in the last few years has forgotten that.

This is just another free bit of advertising for MoL.

Whatever about society, the state doesnt exist solely to make a loss. What we've done as a country in the last few years has forgotten that also. If this crisis should teach us *anything* its that we cant satisfy the demands of now by mortgaging future generations. There will always be the demands for "world class" <insertdemandhere>, but these will need to be balanced against our ability to afford "world class" on what is a distinctly second class domestic economy, with a third class civil service (which has a "world class" entitlement complex).

As for MoL getting free advertising - that the sort of value for money were going to need over the next few years. MoL has a knack for getting "free advertising" where our government and civil service would spend hundreds of millions in a rebranding exercise.

We're no longer Aer Lingus trying to be British Airways. Were SkyEurope trying to be British Airways.

Re: The Dick Roche interview

That had two cringe moments

Dick Roche: The entire interview

Jon Snow: "Fee - Anna Fall", which elicited a quick downcast glance by Dick Roche as he went "Jaaaaaaaaaaaaaaaaaaaaaaay-sus"

HellFireClub

Is the O' Leary interview on the web???

Atlantic Dawn

westtip wrote: »

Prick Roche is on Channel 4 news tonight - What a f***king embarrassment.

Is he related to this man...

Tenger

Sand wrote: »

If this crisis should teach us *anything* its that we cant satisfy the demands of now by mortgaging future generations. There will always be the demands for "world class" <insertdemandhere>, but these will need to be balanced against our ability to afford "world class" on what is a distinctly second class domestic economy, with a third class civil service (which has a "world class" entitlement complex).

I like this statement.

joeysoap

the bolt wrote: »

first time i agreed with the man,normally i cant stand him.

Might not be likable BUT he does run an airline with over 200 aircraft, (almost) making money as fast as that shower in government can lose it. if M O'L for instance talked about turning corners, going forward and today's classic ' saving the taxpayer' we might believe him. Government had gilt edge chance to call his bluff over Hanger 6 and bottled it. I know he waited until A/L took it but there was still plenty of opportunity to save those jobs (Frankfurt Hahn the recipient?) He could also afford a top of the range Merc but probably wouldn't be seen dead in one.
He makes the rules and states -bluntly- if you break them you pay extra. when did this shower in government ever punish anyone who broke the rules? in the december budget I fully expect that most of us will get hit with extra taxes etc for €1000+ and where will it go?
If M O'L increased fares by an average of €10 per passenger per journey he would make an EXTRA €700 profit per annum, while 'our' Brian will increase taxes by a multitude of that - to absolutely no avail.

jimmycrackcorm

MOL clearly learned some tactics from the government:


Crew left the aircraft and the toilets were locked and lights switched off when some travelers became disruptive, Chief Executive Officer Michael O’Leary said at a press conference in Dublin, where Ryanair is based.

That's it - just ignore the public who voted you in customers who pay your wages

ArtSmart

Inverse to the power of one! wrote: »

Scary thought, and no doubt people would hate him, But O'Leary's way of running a company would suit the running of the Irish economy right around now.

inverse x .01

Tenger

joeysoap wrote: »

..............Govt had gilt edge chance to call his bluff over Hanger 6 and bottled it. I know he waited until A/L took it but there was still plenty of opportunity to save those jobs (Frankfurt Hahn the recipient?)

Those jobs were out of Ireland before the whole H6 fiasco. If FR had of wanted H6 they would have made a bid when it was open. FR only kicked up a fuss when they realised that EI moving their head office into H6 would allow them to be more efficient. The deal had been done and FR rebuffed 2 weeks before MoL went to the papers.

In addition MoL actually referred to it as 'the terminal' during the Oireachtas investigation. He was offered alternative hangers (3,4,5) and turned it down. Now we have Dublin Aerospace based in the offered hangers getting the Easyjet maintainance contract from Jan 2011.

joeysoap

Tenger wrote: »

Those jobs were out of Ireland before the whole H6 fiasco. If FR had of wanted H6 they would have made a bid when it was open. FR only kicked up a fuss when they realised that EI moving their head office into H6 would allow them to be more efficient. The deal had been done and FR rebuffed 2 weeks before MoL went to the papers.

In addition MoL actually referred to it as 'the terminal' during the Oireachtas investigation. He was offered alternative hangers (3,4,5) and turned it down. Now we have Dublin Aerospace based in the offered hangers getting the Easyjet maintainance contract from Jan 2011.

Still think they missed an opportunity in not calling his bluff on this one. Agree that he waited until A/L took the lease before throwing hissy fit over H6. believe that he was offered brand new hanger similar in size to H6 but in different part of airport and refused stating that it was only H6 he wanted. typical bully boy tactics but I still believe the government could have called his bluff, by offering this 'new' hanger to A/L -maybe lease free for a few years as compensation- and challenging him to create the 400 odd jobs he promised. Great for Dublin Aerospace but Ryanair have enough aircraft of their own to keep 400 in full employment. anyway that's history now and we are only getting off subject of how that shower in government ran this country into the ground.

HellFireClub

Does anyone have a link to this video?!?

westtip

HellFireClub wrote: »

Does anyone have a link to this video?!?

I can't get it from the Bloomberg site - I heard it at about 7.15 am yesterday morning - I can assure you he did say it! It was MOL at his very best.

HellFireClub

westtip wrote: »

I can't get it from the Bloomberg site - I heard it at about 7.15 am yesterday morning - I can assure you he did say it! It was MOL at his very best.

Would love to see it, the guy is a legend...

joeysoap

joeysoap wrote: »

?
If M O'L increased fares by an average of €10 per passenger per journey he would make an EXTRA €700 profit per annum


just to prove what a pr*** that M O'L is he complains about the DAA and the government €10 tax and then goes and increases the online boarding by €1 per passenger per journey (70m passengers = €70,000,000 extra income) and typically does this when he thinks no one will notice because of all the talk about bailouts etc. I admire what he as done but don't like they way he preaches about others and then sneakily increases his charges.

The_Thing

Sponge Bob wrote: »

If ever there was any doubt as to how the arrogant p***k treats his customers, the above image has dispelled them.

That's O'Leary himself on the roof-top.

SkepticOne

The_Thing wrote: »

If ever there was any doubt as to how the arrogant p***k treats his customers, the above image has dispelled them.

That's O'Leary himself on the roof-top.

Not an actual ad. Wish it ws though.

As a publicity stunt, O Leary should offer free one-way tickets out of the country to any destination for members of the current government.

the groutch

SkepticOne wrote: »

Not an actual ad. Wish it ws though.

As a publicity stunt, O Leary should offer free one-way tickets out of the country to any destination for members of the current government.

I'd say that there would be people queueing around the block to pay for those flights

westtip

joeysoap wrote: »

joeysoap wrote: »

?
If M O'L increased fares by an average of €10 per passenger per journey he would make an EXTRA €700 profit per annum


just to prove what a pr*** that M O'L is he complains about the DAA and the government €10 tax and then goes and increases the online boarding by €1 per passenger per journey (70m passengers = €70,000,000 extra income) and typically does this when he thinks no one will notice because of all the talk about bailouts etc. I admire what he as done but don't like they way he preaches about others and then sneakily increases his charges.

Good for him his shareholders will be delighted, fares are cheaper now than at any time in history, Ryanair is one of the most successful irish companies in history, if O'Leary was in charge of this country it wouldn't be in the situation it was in. FF don't like O'leary cos he won't lick their ar*ses in the Galway tent and says it like it is. The state couldn't run the proverbial Piss up in a brewery because as he said on Bloomberg we have dunces in charge.

joeysoap

westtip: could not agree more about most of what you say. but its the manner in which he increases items which you cannot avoid which annoys me (and I suspect many others) and the only way you can avoid online check in is to pay at the airport, which of course costs €40. You can avoid the bag charges, you can even avoid the credit card charge but you cannot avoid the online check in hence it was a sneaky increase from Ireland's chief moaner about sneaky increases. For what its worth I use RY on a (relatively) frequent basis but I also use A/L from both Dublin and Belfast and also Easyjet whenever it suits and I don't agree that RY are cheaper now than ever - I have often got cheaper flights with other airlines.

westtip

Joey what you can't avoid you have to accept or jsut shrug your shoulders and say - the total bill adds up to x, this is the fare i am paying and forget about the headline rates of fares, truth is we are all payikng next to nothign for flights these days compared to years ago - there is no brand loyalty - everyone shops around MOL knows this and he works in the real world,. He is a maverick - I love his style he says it as it is - and he has a quite healthy disrespect of the morons who govern us. More of his kind and this country wouldn't be in the mess its in.