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Thread: Irish Life & Permanent Board responds to Lenihan

  1. #1

    Default Irish Life & Permanent Board responds to Lenihan

    Yesterday, Brian Lenihan summoned Board Chairperson, Gillian Bowler and Group Chief Executive, Denis Casey to his office. Later, on Primetime, Mr. Lenihan declined to say whether he had asked for their resignations, but said that he had told them that he expected the Board to carry out its responsibilities.

    Richard Bruton stated bluntly that the Board should resign. Primetime panelists (including David McWilliams and Dan O'Brien) interpreted Lenihan's comments as a clear signal to the Board that he expected the top people to resign.


    The IL&P Board have now responded.

    It seems that the possibility of Ms. Bowler's resignation was not even discussed.
    Mr. Casey's resignation was offered, and refused by the Board.

    Instead, two 'lower downs', including the Group Finance Director, are taking the rap.

    (source: RTE Radio 1 News - no audio or text link available yet)


    Surely this is not what Lenihan intended?!

  2. #2

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    UHM . . Whats the source of this?

    & what is '' taking the wrap''? . . . . . Is it sacking for gross misconduct? . . Fraud investigation? . . . Or just a pay off and a nudge and a wink?
    My nearest neighbor is 40,075.16 kilometers away
    *************************************

    Welcome To Ireland
    Steal a little and - We'll put you in Jail
    Steal a lot and - You'll get a payoff and pension.

  3. #3

    Default

    The source (RTE) is included in the first post

    No details yet on whether the two who resigned did so voluntarily or otherwise (and no details on whether they will depart with yet more 'golden handshakes').

  4. #4

    Default

    Thanks! sorry thought the bit in brackets was a sig and didn't read.

    Hate to be part of the ''off with their head'' brigade but I'm sick of these people

    1. getting away with reckless malevolent behavior

    2. expecting the state to clean up their mess.

    I know ILP are not part of the recapitalisation, , , , but there wouldn't be a single banking exec earning over 11k a year (the dole!) if it wasn't for the state propping them up or guaranteeing their deposits & liabilities!
    My nearest neighbor is 40,075.16 kilometers away
    *************************************

    Welcome To Ireland
    Steal a little and - We'll put you in Jail
    Steal a lot and - You'll get a payoff and pension.

  5. #5
    Politics.ie Member Victor Meldrew's Avatar
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    Quote Originally Posted by LeftOfCentre View Post
    Hate to be part of the ''off with their head'' brigade but I'm sick of these people
    1. getting away with reckless malevolent behavior
    2. expecting the state to clean up their mess.

    I was gob smacked by this. but on reflection I realise that was niaive of me. The govt. lost it's authority once it;
    - Rolled back on the badly thought out budget,
    - Failed to reduce its excesses in salaries,
    - Failed to enact legislation on paying ministerial pensions to sitting TDs
    - Failed to curb Junior ministries despite Junior Ministers saying their roles were a joke.

    I picked those 4 as they are low hanging fruit the govt could have done with no effort.
    No leadership, no backbone, no respect. so ILP take no notice of them.

    In fact, there is a very strong case for the govt having as much contempt for the public as the 82% who are dissatisfied in the latest poll.

  6. #6

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    every single one who resignes will get secret payoffs
    so they will never have to work again
    its called hush money

  7. #7
    Politics.ie Member Digout's Avatar
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    Why should they resign? They were doing what they were told to do by the regulator.

  8. #8
    Politics.ie Member Dreaded_Estate's Avatar
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    Quote Originally Posted by Digout View Post
    Why should they resign? They were doing what they were told to do by the regulator.
    Illegal is illegal doesn't matter who told you to do it.

  9. #9
    Politics.ie Member Digout's Avatar
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    Quote Originally Posted by Dreaded_Estate View Post
    Illegal is illegal doesn't matter who told you to do it.
    True, I wonder who else knew? Was the guarantee only brought in to facilitate this transaction?

  10. #10
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    Quote Originally Posted by Digout View Post
    True, I wonder who else knew? Was the guarantee only brought in to facilitate this transaction?
    Remember the 11th hour extension of the guarantee to Anglo - against dept. finance and central bank advice

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