Jaysus, he owed 3bn+ and expected the Alan dukes and the lads to just say "no bother Sean, you work away and pay us back when you can"
It would be interesting to know though what actually happened - like why was Sean quinn seen as toxic when the other two guys were not, have they repaid all the money etc etc. Would love to know what sort of changes were demanded and implemented but they prob won't go into that detail
Personality traits of all businesses owners/entrepreneurs. Required to become successful.
Boards users like myself and yourself will never understand or possess the traits it takes to become self made billionaires or even millionaires.
He did seem to be well liked by his staff, an enormous benefit when running a business
Their "contacts" couldnt touch a political appointee like Dukes. They just wouldnt have survived that. Unfortunately for Kevin Lunney and others they were deemed fair game.
Doing a great job on the Quinns to be fair.
Was never intimidated by them.
Dukes hit the nail on the head.
The anger of locals should be directed at the quinns.
Were any jobs lost in the area? Are Mannok succesful too?
Alan Dukes seen right through the Quinn's kids lies. I didn't know what I was signing.
Not sure if he was employed as a lobbyist. I know he was (is?) a heavy smoker and was opposed to the workplace smoking ban and I think he lit up in the Dáil bar to make a point.
I wasn't a fan of Quinn however the first 2 episodes make me feel a bit sorry for him...he got caught up in the excess of the celtic tiger era but got badly burnt...the last episode might change my mind but so far he comes across as very genuine
https://www.leitrimobserver.ie/news/home/975343/sean-quinn-no-longer-supports-rte-documentary-quinn-country.html
He was never worth 5 billion. Id say the kids are sickened. He still calls the shots anyway.
Ffs. Lads ill pay yis back within 10 years. Any chance you sub me another half a billion first though.
Deluded. He never thought they take it all. Fair play to dukes i suppose.
More like changed his horse mid stream.
So far, this documentary hasn't told me anything I didn't already know.
Sean Quinn saying things like 'mistaken', 'wrongly', 'one poor decision' changes nothing about the fact that he and his executives and his family made deliberate efforts to avoid the consequences of the mess they had got themselves into. Illegal, irregular and immoral efforts.
When those people on a stage in a Cavan street said 'this is our heritage, it belongs to our children' etc, they didn't understand how it was that the Quinn top brass jeopardised that. And why should they, as contemporaneously it was a complicated mess.
But they should very clearly understand it now.
Well while there are a lot of similarities there are some critical differences imo
He did this successfully for long enough to get it to a scale where he could insulate himself from the risk.....unless of course he bet the house on an unseen flop....
Seriously though, once you get to a certain scale you can take a lot of "risks" that you are effectively insulated from that to business people at lower levels would be real potentially life altering game over risks
Have a problem with your insurance, buy the insurance company, set your own premiums, maintenance on 2nd hand machinery a problem.....buy new, lease nearly new stuff out to the council etc etc.......make lots of new "friends"
Of course you have to have the balls/luck/contacts/appropriate people to bribe to get to the promised land....and there will be competition and you will be fighting your own arrogance propensity for gambling too etc
Thats a flavour of the game the likes of Musk/Bezos et al are really involved in too...and it is just a game/competition to them imo
Even if he didn't pay he certainly motivated his followers to do it.
Same as Trump wound up his minions to riot in Washington.
From what I can see Kevin Lunney was sacked then reinstated and that didn't go down too well.
PMSL, they lied to Quinn! They didn't have a rashers what Quinn was up to until it was too late, not that they covered themselves in glory when they found out.
We keep hearing about how Quinns interests in Anglo was formed through CFDs but the thing that's never sat well with me is that when a CFD goes south, the loser typically pays the difference between the contracted price and the current share price, no shares are necessarily bought or sold.
When Quinns CFDs went south, he purchased the full amount of shares, almost as if it was written in the contract that neither the buyer or seller could just pay the margin, so not your common or garden CFD.
With this in mind you have to ask yourself why anyone would enter such a transaction and the only explanation I can think of that might be plausible is that it could have been a botched takeover attempt with a side order of Quinn sharp practice by circumventing stock exchange rules about disclosure as he built a controlling stake.
I think it refers to a theory that he paid for certain individual(s) to be intimidated etc
Nearly sounds like he’d lost his marbles a bit to me.
Alan Dukes is another one who would sicken your hole. Wasn't he a mouth piece for big tobacco at some point? Or very pro smoking, remember him being trotted out around ash Wednesday to be a counter to anti smoking groups.
Seems to have thought he could just double his money with Anglo
Very foolish , he must be gullible in some respects
"Magical"
Let me get this straight, you are calling the celtic tiger bubble a magical time....and not a symptom of completely unsustainable policies and practices etc
I mean it may have been magical for some for a short period of time.....
Is my tongue in cheek radar off or are you serious?
So im right in saying that underneath it all he was no different to the man who spends the heating and food money in the bookies on a friday leaving the family with nothing.
What’s the paymaster thing about. Don’t understand that part of this whole thing
We will have to wait 12 months to find out...
Personally I'm on the edge of my seat like...
No, very many thought he was an arrogant fool.
When the story of any business becomes about one person, don't be an investor, whether thats Zuckerberg or Musk or Trump or Sugar or whatever.
The World's very best businesses, the ones you really never hear about, but who pay handsome dividends to their shareholders or owners, are run by small teams of intelligent but reticent people, where no single one of them, can take make or break decisions on their own.
They talk about being the 'face' of something and yes it was his name over the door, but to me, its simply a red flag.
If only we could take away their appetite for greed! The deadliest of the 7.
Des Cahill guffawing on stage - going to be a tough watch.
Fairly obvious who the pay master was for the Lunney kidnap after the first 5 mins.
The good people of Ireland should march to Leinster House and petition the government to return the Quinn group to the rightful owner - one of the greatest and brightest entrepreneurs our country has ever known.
These guys will always be prepared to put their money where their mouths are and have no fear in taking financial risks.
This leads to job and wealth creation.
Our country needs risk takers or else we run the risk of losing our best and brightest.
We Irish showed the world we were great entrepreneurs during the Celtic Tiger years.
This magical era can be recreated only if this poor man is given what is rightfully his back.
Ireland should become a country where bankruptcy is not penalised.
Show me a man who never failed and I will show you a man who never succeeded.
Failure breeds success.
The Wright brothers failed many times before they became airborne.
Fearlessness?
Obstinate, delusional, blinkered, naive, arrogant. Mostly arrogant.
They wouldn't have lost literally everything though.
Plenty of assets were put beyond reach, make no mistake about it.
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