The board members extra work will only involve making decisions, they will not be doing the transfer of assets and bad loans themselves - they will delegate. So the reason for their increase doesnt actually stand-up! The actual work to transfer of developer assets and bad loans from our esteemed banks will come down to the EMPLOYEES of NAMAD.
So if I am crazy enough to believe this workload bull, take it they are going to decrease salaries by this same percentage after one year - when by their own reckoning their workload will decrease. How do they plan to implement this reduction - by legislation or like they do everything else?
Again FOI rules, any persons want to put a bet on that FOI will soon see itself being amended to further restrict already restricted access keeping in line with the lack of openness and transparency that this government tends to operate itself in!
Sheeple have no interest in this, they couldn't care less. Chart music, Coronation street, East enders, Soccer, Rugby, where to go on Sat night these are far more important.
SCAMA only in operation a wet week and pay rises for the boys. Lenihan is a w*****, hes now up there with Harney in my books, no excuse for allowing pay rises so early, he's an idiot. SCAMA fools now have no incentive to work. Why bother to work hard when pay rises are awarded without merit? Anything to do with this Government is a load of *****.
At a time when the govt is trying to cyt pay for the public sector it is a bloody disgrace that they can sanction such pay rises. Another two-fingered salute to the Irish public and golden handshake for the bankers
To me this decision to increase the NAMA board's salaries merely demonstrates the contempt that FF in particular have for the taxpayer.
Contrary to what some around here, who true to form are trying to justify it by spinning the yarn that it's all about these guys increased workload, blah-de-blah. Boo-feckin-hoo ... cry me a river! Did they sign a conract when they took the jobs? Were there any conditions of employment? Was remuneration not defined and detailed?
Course it was but this was obviously a much more generous package than publicised when setting up NAMA. As always the devil is in the detail or indeed lack of it from FF.
Just further proof, not that it was needed, that everything FF touches turns into a nepotistic trough for the connected ruling class to feed from and for FF to throw more of our money at another of their bastardized creations that is the bottomless pit of NAMA.
This move is wrong on so many levels in the current climate but is in keeping with the double standards we have come to expect (cos if you didn't ... can I please have some of what you are smoking!)
They have been in power and arrogantly drunk on it for too long.
Last edited by Fish; 12th March 2010 at 09:16 PM.
If you pierce us shall we not bleed? If you tickle us shall we not laugh? If you poison us shall we not die? And if you wrong us shall we not revenge? William Shakespear.
It's worse than that. Any decisions(?) they make make amount to ticking a box on a sheet of paper that has been shoved under their snouts after they have gorged themselves on chateauneuf-du-pape and beef wellington at the monthly dinner/board meeting.
After they have made the right decision, they will be allowed to sign their expenses forms and get stuck into the port (laid down in the seventies, of course).
I hope they all die roaring with the gout. Bastards!
'THEY WENT BECAUSE THEIR OPEN EYES COULD SEE NO OTHER WAY' Cecil Day-Lewis' epitaph to the British & Irish men and women of the International Brigades, Spanish Civil War.