A day after Enda points his cowardly finger, we get this............

Morrisseeee · 28-01-2012 01:13PM #1

Imagine the scenario: Enda (abroad) points his fingera at the Irish public for the 'mess' !!
Enda pats this guy on the back and hands over our money !!

Ex-ESB chief Padraig McManus gets €800,000 package

FORMER ESB boss Padraig McManus is getting a retirement package worth up to an estimated €800,000 this year -- and he will also be entitled to cut-price electricity.

Mr McManus (60) will enjoy the controversial perk despite getting an exit package which includes a lump sum of almost €600,000 and a pension of €200,000 a year.

Pension experts said his severance entitlements may be among the highest ever paid in the state sector.

The former energy chief, who was the highest paid semi-state worker, retired before Christmas after 38 years at the utility company, not long after electricity prices shot up by 12pc.

A party was held in the Cellar Bar at the five-star Merrion Hotel in Dublin just over a week ago on Thursday to mark his retirement and former ministers Noel Dempsey and Eamon Ryan were among the guests. A presentation was made to Mr McManus, whose salary was more than €400,000 a year, at ESB head office earlier on the same day.

juan.kerr · 28-01-2012 01:15PM

Well we did elect them, and put FF back in government despite the benchmarking debacle. Once we did that they knew they could get away with anything as far as pay and conditions for themselves and their cronies were concerned.

mawk · 28-01-2012 01:20PM

well I certainly hope he at least has to pay the 1% income levee. that'd show him

Mr E · 28-01-2012 01:21PM

It was probably in his contract. He has been in that position since 2002.
The next guy won't get the same package.

old_aussie · 28-01-2012 01:21PM

Played hard, Done good

efb · 28-01-2012 01:22PM

ESB have been really successful- unlike the banks- and look at their CEO's retirement packages!

juan.kerr · 28-01-2012 01:22PM

old_aussie wrote: »

...Done good

Indeed, we have been.

Dudess · 28-01-2012 01:25PM

juan.kerr wrote: »

Well we did elect them, and put FF back in government despite the benchmarking debacle. Once we did that they knew they could get away with anything as far as pay and conditions for themselves and their cronies were concerned.

Good lord - "we" did not elect them!!! A majority did but not all, so why put it FF-voting on all our shoulders?!

Sister Assumpta · 28-01-2012 01:25PM

I'm surprised at Eamon Ryan, but it's his personal life, none of our business.
I just didn't think that kind of knees-up would be his scene, especially considering his fragile political career.

juan.kerr · 28-01-2012 01:27PM

Dudess wrote: »

Good lord - "we" did not elect them!!! A majority did but not all, so why put it FF-voting on all our shoulders?!

So 'we' the electorate didn't elect them? Sorry I must have got that wrong.

Morrisseeee · 28-01-2012 01:34PM

Just 2 more snippets from the article:

A total of €200,000 of the lump sum is tax-free

Sources added that Mr McManus also qualifies for a discount on his electricity bill given to retired and existing staff. It is estimated that the perk is worth up to €470 a year to each of the 7,000 retired ESB workers.

2 words, 'French Revolution' :eek:

Tazz T · 28-01-2012 01:36PM

efb wrote: »

ESB have been really successful- unlike the banks- and look at their CEO's retirement packages!

Course they've been successful. Up until very recently, they've never had any competition.

efb · 28-01-2012 01:37PM

Tazz T wrote: »

Course they've been successful. Up until very recently, they've never had any competition.

Neither have Irish Rail- they're hopeless!

ESB has been making money!

juan.kerr · 28-01-2012 01:39PM

efb wrote: »

Neither have Irish Rail- they're hopeless!

ESB has been making money!

Yeah, and spending it on ridiculous perks like cheap electricity for staff.

How much of a dividend have they paid to the state, their shareholder, in the last 10 years?

Morrisseeee · 28-01-2012 01:40PM

efb wrote: »

ESB has been making money!

Things would be pretty bad if they couldn't make money, seeing as every house needs electricity :rolleyes:

My name is URL · 28-01-2012 01:41PM

Mr E wrote: »

It was probably in his contract. He has been in that position since 2002.
The next guy won't get the same package.

Maybe, but Fine Gael have already ignored their own cap on salaries and handed huge pay increases to some of their 'advisors'.. they're spineless hypocrites.

ilovesleep · 28-01-2012 01:54PM

How can they justify a payout like this when the country is spending too much. This is coming out from the public purse and a 800,000 euro package and a pension of 200,000 a year at the age of 60 is far too much for anybody when the state is broke.

orangebud · 28-01-2012 02:01PM

lets not forget about Varadkar’s helping out his friends

Varadkar sought €135,000 for adviser

http://www.irishtimes.com/newspaper/frontpage/2012/0128/1224310869737.html

and im a criminal because i have a smoke every once in a while

The Waltzing Consumer · 28-01-2012 02:18PM

Might as well add another thing that Enda should get the blame for, based on the logic of the posters for the last couple of days.

http://www.rte.ie/news/2012/0127/adobe.html

"US technology giant Adobe is to base the European side of its new cloud-based service in Ireland.
Adobe Chief Technology Officer Kevin Lynch told RTÉ News that its new Creative Cloud service would be hosted in Dublin when it launches later this year.
Mr Lynch made the comments following a 30-minute meeting with Taoiseach Enda Kenny on the margins of the World Economic Forum in Davos."

Oh, sorry, is this thread and the many Enda Kenny threads in the last couple of days only for hysterical daily mail standard of debate and begrudging?

People really do need to get a grip on themselves. They wont show 1% of the emotion they showed for his pretty accurate comments about borrowing money earlier in the wekk, for some actual good news about investment...but hey, let the childish overreactions continue!

:rolleyes:

TheZohanS · 28-01-2012 02:33PM

The Waltzing Consumer wrote: »

Might as well add another thing that Enda should get the blame for, based on the logic of the posters for the last couple of days.

http://www.rte.ie/news/2012/0127/adobe.html

"US technology giant Adobe is to base the European side of its new cloud-based service in Ireland.
Adobe Chief Technology Officer Kevin Lynch told RTÉ News that its new Creative Cloud service would be hosted in Dublin when it launches later this year.
Mr Lynch made the comments following a 30-minute meeting with Taoiseach Enda Kenny on the margins of the World Economic Forum in Davos."

Oh, sorry, is this thread and the many Enda Kenny threads in the last couple of days only for hysterical daily mail standard of debate and begrudging?

People really do need to get a grip on themselves. They wont show 1% of the emotion they showed for his pretty accurate comments about borrowing money earlier in the wekk, for some actual good news about investment...but hey, let the childish overreactions continue!

:rolleyes:

That's great news to be fair. It's also another reason not to change our Corporation tax.

Its Irish-registered Adobe Software Trading Company, which acts as a holding company for many international subsidiaries, reported revenues of €1.1bn in 2009 and a net profit of €384.5m.
Adobe Systems Software Ireland currently employs 94 people in Ireland.
Adobe's Vice President Bill Rusitzky said it was too early to say how many new jobs would be created by the new "hosted services".

I wonder how many staff they'll take on, hope it's not just a move to avail of generous tax breaks.

The Waltzing Consumer · 28-01-2012 02:39PM

TheZohan wrote: »

That's great news to be fair. It's also another reason not to change our Corporation tax.

I wonder how many staff they'll take on, hope it's not just a move to avail of generous tax breaks.

Agreed about the corporation tax.

No I don't think it would be regarding our tax breaks, cloud computing storage is perfect for Ireland as the climate is ideal, the workforce is skilled and we are competitive and have great infrastructure. So this is an investment which will create employment.

im invisible · 28-01-2012 02:46PM

Ah now lads, i dont see the problem here at all really. Should we just strip everyone back to minimum wage and state pension?

The Waltzing Consumer wrote: »

Agreed about the corporation tax.

No I don't think it would be regarding our tax breaks, cloud computing storage is perfect for Ireland as the climate is ideal,

yeah, pretty overcast today...

Darsad · 28-01-2012 03:13PM

efb wrote: »

ESB have been really successful- unlike the banks- and look at their CEO's retirement packages!

yeah successful in what was a captive and protected market this guy was just a time served employee who free loaded on the backs of tax payers for the last 10 yrs

Celly Smunt · 28-01-2012 03:21PM

they should just delay payments.

Ice87 · 28-01-2012 03:22PM

But sure it will save us money in the long term.

De Hipster · 28-01-2012 03:29PM

pmcmahon wrote: »

they should just delay payments.

...until after he passes.

Spread · 28-01-2012 04:02PM

efb wrote: »

Neither have Irish Rail- they're hopeless!

ESB has been making money!

Gotcha! Your real name is ESB ........... you're merely using the middle-ages s. "Where the bee fucks, there fuck I" etc.

efb · 28-01-2012 04:08PM

Spread wrote: »

Gotcha! Your real name is ESB ........... you're merely using the middle-ages s. "Where the bee fucks, there fuck I" etc.

i have a lisp :P

cloneslad · 28-01-2012 04:08PM

efb wrote: »

Neither have Irish Rail- they're hopeless!

walking
cycling
taxi
bus
drive your own car
flights

all these are their competition. They're still hopeless though

Peetrik · 28-01-2012 04:21PM

juan.kerr wrote: »

Well we did elect them, and put FF back in government despite the benchmarking debacle. Once we did that they knew they could get away with anything as far as pay and conditions for themselves and their cronies were concerned.

I didn't. I voted for the candidate I chose because of this...

"We would instigate immediate ratification of the UN Convention against Corruption (UNCAC). Eradication of corruption would be a high priority with severe penalties, including jail, loss of job (without a golden handshake) and loss of all pension entitlements."

and this...

"We seek accountability from those developers bankers and politicians who precipitated and facilitated the collapse of our national economy and we demand extradition and trial for former politicians and banking officials who remain in hiding at home and abroad."

I plan to vote for them again

Freddie59 · 28-01-2012 06:00PM

efb wrote: »

ESB have been really successful- unlike the banks- and look at their CEO's retirement packages!

Eh, it's the ESB. A sixth year student could probably have managed it.:rolleyes:

A day after Enda points his cowardly finger, we get this............

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