In A week Where the Government Lectures Us......

Freddie59 · 29-03-2012 01:21PM #1

Anglo's CEO gets a combined salary+allowances comes to some €800k a year. FFS. This is getting better by the day.:mad:

http://www.rte.ie/news/2012/0329/smaller-ibrc-reports-lower-loss.html

Mr Aynsley had a base annual salary of €500,000 last year, according to the IBRC annual report. He also received a pension contribution of €125,000, relocation allowances of €203,000 and car allowance of €38,000. His total package fell from a year earlier and will fall next year, he said. Chairman Alan Dukes was paid €150,000.

To be honest, if I had any doubts about not paying that "household charge" this puts the lid on it for me.

Professey Chin · 29-03-2012 01:22PM

Relocation allowances.
Did they buy him a new house? O_o

Freddie59 · 29-03-2012 01:23PM

The Great Chinholio wrote: »

Relocation allowances.
Did they buy him a new house? O_o

Probably two.

SEPT 23 1989 · 29-03-2012 01:27PM

€384.00 an hour if he puts in a 40hr week

which i doubt

Freddie59 · 29-03-2012 01:28PM

SEPT 23 1989 wrote: »

€384.00 an hour if he puts in a 40hr week

:eek:

chin_grin · 29-03-2012 01:30PM

And yet we all stay behind keyboards b!tching about it. :pac:

phasers · 29-03-2012 01:34PM

How come only rich people get jobs with expenses?

Chucky the tree · 29-03-2012 01:39PM

phasers wrote: »

How come only rich people get jobs with expenses?

How do you think they become rich in the first place? Mostly through hardwork and good performance in a related job.

Sykk · 29-03-2012 01:39PM

phasers wrote: »

How come only rich people get jobs with expenses?

Because they're the ones who don't need them. Irish logic ofc!

phasers · 29-03-2012 01:43PM

Chucky the tree wrote: »

How do you think they become rich in the first place? Mostly through hardwork and good performance in a related job.

Or else their parents with connections set them up with a good job.

steddyeddy · 29-03-2012 01:44PM

Chucky the tree wrote: »

phasers wrote: »

How come only rich people get jobs with expenses?

How do you think they become rich in the first place? Mostly through hardwork and good performance in a related job.

In america maybe but Ireland is a really bad example of a capitalist country. Nepotisim and corruptionin this country can get you rich here.

Chucky the tree · 29-03-2012 01:45PM

phasers wrote: »

Or else their parents with connections set them up with a good job.

That is possible, but chances are he won't get much further than that unless he is good at the job.

SEPT 23 1989 · 29-03-2012 01:45PM

Chucky the tree wrote: »

How do you think they become rich in the first place? Mostly through hardwork and good performance in a related job.

In most others countries this is how its done but not in The Banana Republic

BackScrub · 29-03-2012 01:45PM

And still people keep on registering for the household rape.

Well done folks.

steddyeddy · 29-03-2012 01:45PM

phasers wrote: »

Chucky the tree wrote: »

How do you think they become rich in the first place? Mostly through hardwork and good performance in a related job.

Or else their parents with connections set them up with a good job.

Case in point the civil service or the banks.

Stiffler2 · 29-03-2012 02:01PM

kunt tree is in bits etc etc rabble rabble
revolution needs to take place rabble rabble
It's the Irish people's fault for not doing anything about it rabble rabble

Freddie59 · 29-03-2012 06:01PM

steddyeddy wrote: »

Case in point the civil service or the banks.

Hard one to prove though.;)

JoeGil · 29-03-2012 06:08PM

Chucky the tree wrote: »

That is possible, but chances are he won't get much further than that unless he is good at the job.

Well all the bank CEOs we had up to the 2008 burst got pretty far - about € 50 billion far.

steddyeddy · 29-03-2012 06:53PM

Freddie59 wrote: »

steddyeddy wrote: »

Case in point the civil service or the banks.

Hard one to prove though.;)

Not really regards nepotisim it isnt.

Immaculate Pasta · 29-03-2012 07:01PM

He's a CEO though? €800k a year is hardly a staggering figure in my opinion.

If it was the counter staff yes but being the CEO of a large company like the Anglo Irish Bank that's generally the going rate. If they halved that he'd go and be a CEO somewhere else and he would get that wage. If you said the CEO could only got €100k a year you'd get some joker in charge as no skilled CEO would work at that wage and we'd never get out of this mess. Ireland needs the financial sector to economically prosper. More regulation is needed yes and the government is working on it but international trade, favourable conditions for foreign investment and the financial sector. That's what's key for Ireland to economically prosper.

I always think it's a bit simplistic to be in uproar whenever you hear a bankers wage. Do you expect for them to work for nothing?

Bonuses are the issue as they encourage excessive risk-taking. Not so much the wage.

Zebra3 · 29-03-2012 08:33PM

Freddie59 wrote: »

Chairman Alan Dukes was paid €150,000.

Not bad for someone already pulling a pension at the taxpayers' expense. :rolleyes: :mad::mad::mad:

Immaculate Pasta wrote: »

If you said the CEO could only got €100k a year you'd get some joker in charge as no skilled CEO would work at that wage and we'd never get out of this mess.

Yeah, cos paying big money at Anglo guarantees top people. :rolleyes:

Freddie59 · 29-03-2012 08:42PM

Immaculate Pasta wrote: »

He's a CEO though? €800k a year is hardly a staggering figure in my opinion.

If it was the counter staff yes but being the CEO of a large company like the Anglo Irish Bank that's generally the going rate. If they halved that he'd go and be a CEO somewhere else and he would get that wage. If you said the CEO could only got €100k a year you'd get some joker in charge as no skilled CEO would work at that wage and we'd never get out of this mess. Ireland needs the financial sector to economically prosper. More regulation is needed yes and the government is working on it but international trade, favourable conditions for foreign investment and the financial sector. That's what's key for Ireland to economically prosper.

I always think it's a bit simplistic to be in uproar whenever you hear a bankers wage. Do you expect for them to work for nothing?

Bonuses are the issue as they encourage excessive risk-taking. Not so much the wage.

No, I expect them to work for a reasonable wage - as do the majority. It is exactly this type of idicocy that drove this country to where it is today. WHAT makes this man - any man or woman - worth that wage?

For example, in Spain, with a population ten times the size of Ireland, CEOs of State owned companies can earn a MAXIMIUM of €107,000 PA.

Ireland needs the financial sector to prosper? For fcuk's sake, it is the financial sector which has brought the country to it's knees. How you can come up with a statement like that defies belief really.

And as for €800k not being a 'staggering figure' as you put it so eloquently, you can be damn sure it is to the worker on the average wage. Do you mind if I ask what your annual remuneration is?

Freddie59 · 29-03-2012 08:43PM

Immaculate Pasta wrote: »

If you said the CEO could only got €100k a year you'd get some joker in charge as no skilled CEO would work at that wage and we'd never get out of this mess.

JESUS wept! We had CEOs on FOUR MILLION EURO a year and they got us INTO this fcuking mess.

McTigs · 29-03-2012 08:51PM

For a start this guy is Australian, he is not a career civil servant, was not working for Anglo before it was nationalised and actually probably never set foot in this country before his appointment to Anglo.

He was brought in to oversee the winding down of the bank and recover as much of the losses as possible in the process. He is not a particularly young man and has a had a long career in banking and brings a wealth of experience with him. When you consider the level of losses at Anglo and how much could potentially be recovered for the taxpayer (you) i think someone of his calibre coupled the objectivity having of no affiliation with anyone else, political, business or otherwise in this country is exactly what is required.

I think he was a fantastic choice for these reasons and is a lot more valueable even at that money than bloody Alan Dukes at 150k. You wanna get someone who knows someone in there at 100k then watch David Drumm, Sean Quinn and every other cnut that owes the bank (us) money walk away scot free then go ahead.

The amount this man will save us far far far exceeds what he will get paid.

Pottler · 29-03-2012 08:56PM

Freddie59 wrote: »

JESUS wept! We had CEOs on FOUR MILLION EURO a year and they got us INTO this fcuking mess.

Ye do also know that you could have a polite Zebra in a suit and they could get by as a CEO, it's not a hugely demanding role. And before all the cnuts come on telling me what ar5e that is, yes, I do know rather a lot of CEO's. I don't know any that I would pay €800k to though.
This is a bit like the Kenny/Tubridy/Marians arguement -"but we have to pay them crazy money or they would leave and go to the UK/States etc". Yeah right, the Uk is crying out for our TV talent:pac: They would be blessed to earn half what they do and if they lived anywhere but Ireland, that's all they would.

Pottler · 29-03-2012 08:58PM

McTigs wrote: »

For a start this guy is Australian, he is not a career civil servant, was not working for Anglo before it was nationalised and actually probably never set foot in this country before his appointment to Anglo.

He was brought in to oversee the winding down of the bank and recover as much of the losses as possible in the process. He is not a particularly young man and has a had a long career in banking and brings a wealth of experience with him. When you consider the level of losses at Anglo and how much could potentially be recovered for the taxpayer (you) i think someone of his calibre coupled the objectivity having of no affiliation with anyone else, political, business or otherwise in this country is exactly what is required.

I think he was a fantastic choice for these reasons and is a lot more valueable even at that money than bloody Alan Dukes at 150k. You wanna get someone who knows someone in there at 100k then watch David Drumm, Sean Quinn and every other cnut that owes the bank (us) money walk away scot free then go ahead.

The amount this man will save us far far far exceeds what he will get paid.

No, no he won't.

Zebra3 · 29-03-2012 08:58PM

McTigs wrote: »

For a start this guy is Australian, he is not a career civil servant, was not working for Anglo before it was nationalised and actually probably never set foot in this country before his appointment to Anglo.

He was brought in to oversee the winding down of the bank and recover as much of the losses as possible in the process. He is not a particularly young man and has a had a long career in banking and brings a wealth of experience with him. When you consider the level of losses at Anglo and how much could potentially be recovered for the taxpayer (you) i think someone of his calibre coupled the objectivity having of no affiliation with anyone else, political, business or otherwise in this country is exactly what is required.

I think he was a fantastic choice for these reasons and is a lot more valueable even at that money than bloody Alan Dukes at 150k. You wanna get someone who knows someone in there at 100k then watch David Drumm, Sean Quinn and every other cnut that owes the bank (us) money walk away scot free then go ahead.

The amount this man will save us far far far exceeds what he will get paid.

That is not a justification for paying him eight hundred grand a year.

Sure if that's the case why didn't we pay Bertie and Biffo five million a year while the tax take was going through the roof during the boom? :rolleyes:

steddyeddy · 29-03-2012 09:10PM

Immaculate Pasta wrote: »

He's a CEO though? €800k a year is hardly a staggering figure in my opinion.

If it was the counter staff yes but being the CEO of a large company like the Anglo Irish Bank that's generally the going rate. If they halved that he'd go and be a CEO somewhere else and he would get that wage. If you said the CEO could only got €100k a year you'd get some joker in charge as no skilled CEO would work at that wage and we'd never get out of this mess. Ireland needs the financial sector to economically prosper. More regulation is needed yes and the government is working on it but international trade, favourable conditions for foreign investment and the financial sector. That's what's key for Ireland to economically prosper.

I always think it's a bit simplistic to be in uproar whenever you hear a bankers wage. Do you expect for them to work for nothing?

Bonuses are the issue as they encourage excessive risk-taking. Not so much the wage.

I dont think a ceo of a defunct company should get 800 thousand.

Pottler · 29-03-2012 09:13PM

Jasus, the "we're worth it" boom bull5hit mentality is not dead yet, is it.

Chucky the tree · 29-03-2012 09:19PM

Pottler wrote: »

Ye do also know that you could have a polite Zebra in a suit and they could get by as a CEO, it's not a hugely demanding role. And before all the cnuts come on telling me what ar5e that is, yes, I do know rather a lot of CEO's. I don't know any that I would pay €800k to though.
This is a bit like the Kenny/Tubridy/Marians arguement -"but we have to pay them crazy money or they would leave and go to the UK/States etc". Yeah right, the Uk is crying out for our TV talent:pac: They would be blessed to earn half what they do and if they lived anywhere but Ireland, that's all they would.

Gotta a good laugh out of this. I'm sure your CEO mates would have done just as well as with Ryanair as Michael O'Leary alright.

Doc Ruby · 29-03-2012 09:30PM

steddyeddy wrote: »

In america maybe but Ireland is a really bad example of a capitalist country. Nepotisim and corruptionin this country can get you rich here.

Not like in other countrries, *cough gee dubya cough*

In A week Where the Government Lectures Us......

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