Special people are special.
Coveney pitched for a salary cap breach to get him, stressing his man's patriotic impulses. Now he's bailed out to London.
He went to a private equity firm, on terms that were too good to turn down.
Next?
Coveney adviser's patriotism stressed to secure special pay - The Irish Times - Mon, Jan 16, 2012
I note the following quote from the article:
"Mr Coveney said at the time he was “a bit disappointed because he’s a good guy, but I’m not going to stand in the way of anyone’s career path”.
It's a shame this government's continuation of FF policies is standing in the way not only of the career paths, but of the lives of tens of thousands of people.
Maybe he has decided that it is more patriotic to work for private equity houses- after all, Brian Lenihan the former Finance Minister did the same and he was buried under a tricolour rather than a salary slip.
So basically Coveney was paying more than 200K per year in advice?Originally Posted by He3
What the hell are the civil service department heads doing? Is advising the Minister not part of their brief?
The partiotic part:Mr Leamy had been chief executive of Greencore USA, where his salary was €430,000. Mr Coveney’s brother Patrick Coveney is chief executive of the parent firm.
The sleaze part:Mr Leamy told The Irish Times at the weekend: “Pure and simple, I got an opportunity in London to work with a private equity group which was too good to turn down. My intention was always to work with the Minister in the short to medium term, but this probably came up a little sooner than we were both expecting.”
This sort of disgusting stuff is what Kerrigan (on another soon to die thread) is against. Now let's wait tfor the apologists...“Fergal has a strong commitment to public service and is anxious to contribute at a national level in our drive towards recovery. He already has a stable career in business . . . However, he has a personal commitment to the country and is anxious to make a contribution by offering his knowledge and skills . . .”
Why does Ireland need any more jobs?. There are not enough people to fill the jobs from the last referendum.
Only if the Minister is to be advised to do nothing and change nothing. Civil servants in Ireland are not permitted to take chances with opinions on positive actions. It is against health and safety rules.
Not impressed by either Leamy decision or Coveney's reaction.
What is does show, re his €430k US salary and the implied salary in London that there is still a huge disconnect between senior executive pay and that of ordinary workers. As the current economic crisis goes from bad to worse, executive pay appears to be growing and the gap between the high earner and the regular joe is reaching Dickensian levels.
..and what do our Minister's do. they go out on a limb to defend the senior executives and tell the rest to tighten their belts.
The current model is so ************************ed.. change is needed.
The guy took a 70% paycut to do the job, still had to read people bitching about him in the media for having the audacity to do so, so did one to a better paying role in London where people realise that skillsets need to be compensated appropriately. Who's losing out here? Cue multiple people shouting "Sher I worked in burgerking for 6 months before I was canned, I can do his job etc etc"
If you're the first out the door, that's not called panicking.
Snyc, me thinks the point of this story is that the justification for breaching the pay cap was his patriotic calling, yet that patriotic calling was extinguished by the call of this job. I read it as raising questions about Coveney, rather than the fleeting patriot.
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