Fingleton got €11,500 watch as parting gift

alex73

http://www.independent.ie/national-news/fingleton-got-euro11500-watch-as-parting-gift-2837844.html

Isn't it well for some.....

DISGRACED Irish Nationwide chief Michael Fingleton got an €11,500 watch as a parting gift from the building society -- just weeks after his empty promise to return a controversial €1m bonus.
News of the lavish gift, given in April 2009, emerged last night as a letter was hand-delivered to Mr Fingleton's home in Shankhill, Co Dublin, demanding the return of both the designer watch and the bonus.

The letter was written by Anglo Irish Bank chief Mike Aynsley who assumed responsibility for Nationwide's "legacy" issues after the two lenders were merged.
"He can either return the watch or give the money back," Mr Aynsley told the Irish Independent yesterday.
"It's disgraceful that he would accept a retirement gift at a time when the bank was guaranteed by the State and it was clear that it, along with all other institutions, was financially distressed."

The watch is understood to have been bought at Paul Sheerin's jewellers off Grafton Street in April 2009, ahead of Mr Fingleton's departure at the end of that month. Internal records reveal that Nationwide also paid €9,650 to the taxman so that Mr Fingleton would not have to pay benefit in kind tax. This brought the total cost of the executive's send-off to €21,150.

Hank_Jones

It's time to rise up, how much longer can we watch these guys rubbing their hands, it really winds me up.

Chuck Stone

T'would tick you off.
Ill timed.
Handy for some.
Total wind up.
He's hardly strapped for cash.
Ate the lot and came back for seconds.
A minute drop in the ocean compared to the damage done.
It's all relative really.


Let's get the fucking puns out of the way.

Shane-KornSpace

it's about time

Skerries

watch this space

inforfun

From the article:

"It's disgraceful that he would accept a retirement gift at a time when the bank was guaranteed by the State and it was clear that it, along with all other institutions, was financially distressed."


I dont know who is more disgraceful, the guy who accepted the watch or the numpty who came up with the idea to offer one in the first place.

WIZE

Fcuk the Watch

He needs to give back the 1 million euro bonus and needs his Pension to be Restructured

hardCopy

Chuck Stone wrote: »

T'would tick you off.
Ill timed.
Handy for some.
Total wind up.
He's hardly strapped for cash.
Ate the lot and came back for seconds.
A minute drop in the ocean compared to the damage done.
It's all relative really.


Let's get the fucking puns out of the way.

Are these guys completely tick?

foxyboxer

Did they at least get a 10% discount? I wouldn't think so :rolleyes:

Obligatory pun.


He better watch out for himself.

Guill

I've been watching this story for some time now.




I feel dirty.

Wossack

something something something timepiece something something

Dravokivich

emerged last night as a letter was hand-delivered to Mr Fingleton's home in Shankhill, Co Dublin,

Yes, but at what time last night?

Up de Barrs

Its a disgrace but I would have thought that the fact that he ran the building society in to the ground necessitating a €5bn bail out was of a lot more importance. I'd prefer to see him held to account for that and sooner rather than later.

vampire of kilmainham

it's a thundering discrase if i seen him wearing that watch id bloody well rob it and sell it all these people are dirty selfish bollixes:mad::mad::mad:

JOSman

Hay,

If he's giving the thing back I'll offer €1.:00 for it!:D

smurgen

he should have gotten a kick up the hole!not a 11.5 k watch! leaving this country next week and very nervous about it. reading stories like this reminds me i'm making the right decision!

vampire of kilmainham

Up de Barrs wrote: »

Its a disgrace but I would have thought that the fact that he ran the building society in to the ground necessitating a €5bn bail out was of a lot more importance. I'd prefer to see him held to account for that and sooner rather than later.

these people will get away with it as they are all part of the golden circle.. We the ordinery folk will suffer for years with cut backs and rising prices paying for the likes of these fcuks who bled the country dry raking in millions for themselves

J. Marston

Prick.

CardBordWindow

For €11,500 it must have been the Casio with the calculator built in!

TheZohanS

Up de Barrs wrote: »

Its a disgrace but I would have thought that the fact that he ran the building society in to the ground necessitating a €5bn bail out was of a lot more importance. I'd prefer to see him held to account for that and sooner rather than later.

Think it was a tad more than €5bn...

Sonnenblumen

Whats the big deal with a retirement watch. I hope he keeps it, hardpressed PCs should find better things to do with their time.

Fad

It genuinely saddens me that this is front page news in Ireland...

Biggins

Fad wrote: »

It genuinely saddens me that this is front page news in Ireland...

Would you prefer it on page three and a lovely picture of a topless lass be removed?

Morlar

They gave him an expensive gift while he owed them €1,000,000.00

Looks like the right hand didn't know what the left hand was doing.

miseeire

Does this poor excuse for a human being care what is written about him?It's all about wealth.The only thing their money cannot buy is health.Makes you wonder about a God who allows those types to prosper.

Tinyh

If he hands it back I'll eat my hat! He hasn't handed back the big fat bonus he received that we are all paying for but what really worries me is why isn't he being made to hand it back and why aren't the people in Anglo who refuse to talk not being made to? Who are their protectors? If I was taken in for questioning and refused to co-operate I'd be in the slammer PDQ. His big fat pension pot of over €27M should be taken off him too. Let him go without food as a lot of us are and it would help to reduce his big fat waistline.

galwayrush

We should send him on a well publicised trip to some crime ridden suberb of Rio de Janerio wearing the watch, wonder how long before he's missing the second hand.:D

Mr. Denton

Chuck Stone wrote: »

T'would tick you off.
Ill timed.
Handy for some.
Total wind up.
He's hardly strapped for cash.
Ate the lot and came back for seconds.
A minute drop in the ocean compared to the damage done.
It's all relative really.


Let's get the fucking puns out of the way.

These watch puns really grind my gears!

Fremen

inforfun wrote: »

From the article:

"It's disgraceful that he would accept a retirement gift at a time when the bank was guaranteed by the State and it was clear that it, along with all other institutions, was financially distressed."


I dont know who is more disgraceful, the guy who accepted the watch or the numpty who came up with the idea to offer one in the first place.

Nah, it was a good move on Mr. Numpty's part (from his own point of view, I mean). It means when his time comes, he gets an extravagant leaving gift too.

gigino

Fingleton, much as I despise him, is only one person, and the taxpayer did not pay for the watch at the time. It was up to the government / central bank / regulator to regulate him. If he broke laws he should be brought to justice.


What gets up my gra is the self same public inefficient servants getting 18 months tax free salary " gratuity" when they retire. Thats worth an average of about € 95,000 to each of the 300,000 plus public servants when they retire. No wonder the country is bust.

Sonnenblumen

Mr. Denton wrote: »

These watch puns really grind my gears!

About time we had a Time Out?;)

Tinyh

smurgen wrote: »

he should have gotten a kick up the hole!not a 11.5 k watch! leaving this country next week and very nervous about it. reading stories like this reminds me i'm making the right decision!

Hope you have much success smurgen in your new country - wish I could go to but alas I can't - will have to stay put until I win the Lotto!:

cosmicfart

its a daft country we live in, this guy should be jailed for gross mismanagement his actions have cost people their jobs/lives while he lives the life of a lotto winner at the cost to the taxpayer! Seriously, I hope someone kills him.

Tinyh

The rotten bastard - what a vampire! I wish the very worst for him - I hope he wakes up some morning and doesn't have money to buy food for the day. Why are'nt his type in jail? Its going on too long now. Does anyone know.. Someone from the Department of Finance knows - come on speak out and do your patriotic duty!

galwayrush

cosmicfart wrote: »

its a daft country we live in, this guy should be jailed for gross mismanagement his actions have cost people their jobs/lives while he lives the life of a lotto winner at the cost to the taxpayer! Seriously, I hope someone kills him.

He might be in jail if he had some trees he didn't want chopping down and principles ,

niall2701

WIZE wrote: »

Fcuk the Watch

He needs to give back the 1 million euro bonus and needs his Pension to be Restructured

fcuk the Watch, expenses and the €1,000,000 bonus. We need to be taking back the €32,000,000 pension pot he awarded himself .. that's about €100,000 a month. Last night RTE went crazy about the €88,000 expenses and went on about the bonus but just talked about the pension pot as an after thought

kelle

What does an €11500 watch look like, what does it do that a €25 watch from Argos doesn't?

Sandwlch

kelle wrote: »

What does an €11500 watch ... do that a €25 watch from Argos doesn't?

Display to the world that you are someone rich enough to have an €11500 watch rather than a €25 one. Thats probably quite an important function if you are someone as corrupt and without morals as Fingleton. Its a more elegant and easy way of giving the Irish tax payer the finger.

ejmaztec

kelle wrote: »

What does an €11500 watch look like, what does it do that a €25 watch from Argos doesn't?

Sets you up for a good mugging.

kelle

And why would anybody want it back? It will have his old sweat and bacteria inside it - gross!

ItsAWindUp

I'd love to spit in this mans face.

losthorizon

He also got paid €12000 for dental expenses according to yestedays IT. Nobody spends that much on their teeth.

ejmaztec

kelle wrote: »

And why would anybody want it back? It will have his old sweat and bacteria inside it - gross!

It's probably already been on ebay.

With his watch, million Euro bonus and multi-million Euro pension pot, he did well for a failure.

I wish that I could fail as well as he did, I'd be feckin loaded as well.