Follow @PoliticsIE
 
 
 
Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Thread: BOI's Goggin "to go within weeks"

  1. #1
    Politics.ie Member White Horse's Avatar
    Join Date
    Jun 2006
    Location
    Dundalk
    Posts
    7,054
    Mentioned
    0 Post(s)

    Default BOI's Goggin "to go within weeks"

    The chief executive of the Bank of Ireland Brian Goggin is to step down within the next three weeks, the Minister for Finance Brian Lenihan confirmed tonight.

    No doubt with a multi-million package to tide him over. Unlike the Waterford or Dell workers, for example.

    Lenihan confirms B of I chief to step down 'within weeks' - The Irish Times - Tue, Feb 17, 2009

  2. #2
    Moderator
    Join Date
    Oct 2008
    Posts
    17,119
    Mentioned
    0 Post(s)

    Default

    The sawing away of the branch continues, and the branch grows shorter and shorter. But still it is too long.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

  3. #3
    Politics.ie Member southwestkerry's Avatar
    Join Date
    Aug 2008
    Posts
    4,207
    Mentioned
    0 Post(s)

    Default

    After he has sorted out his 'paper work'
    A ship at harbour is safe but that is not what ships were built for.

  4. #4
    Politics.ie Royalty toxic avenger's Avatar
    Join Date
    Jun 2007
    Location
    London
    Posts
    19,031
    Mentioned
    0 Post(s)

    Default

    This has been coming for over a month now...
    http://www.politics.ie/economy/40060...uit-sindo.html

  5. #5
    Politics.ie Member Catalpa's Avatar
    Join Date
    Jun 2004
    Location
    Dublin West
    Posts
    10,302
    Mentioned
    0 Post(s)

    Default

    Question is who decided this - Mr Goggin or Mr Lenihan?

    If the latter then this is just another example of the schizophrenic nature of the Governments response to the Banking Crises.

    That would leave us in a situation where International investors would (quite rightly) see BOI as to all intents and purposes under the effective control of the State.

  6. #6
    Politics.ie Member spidermom's Avatar
    Join Date
    Sep 2008
    Posts
    9,182
    Mentioned
    0 Post(s)

    Default

    He was retiring in june anyway!!


    So he waits a couple of months before he's quids in !!!


    Just a thought with all this bank chiefs "stepping" down ( and they should) BUT...........

    WHO IS GONNA replace them?

    The 2nd in command??

    Any banker with an ounce of morals,would they want TOP job?
    Would any international banker really WANT to sort out this disgraceful mess??


    Out of the frying pan............................
    When a man sits with a pretty girl for an hour, it seems like a minute. But let him sit on a hot stove for a minute and it's longer than any hour. That's relativity.

    ALBERT EINSTEIN

  7. #7
    Politics.ie Member
    Join Date
    May 2007
    Location
    Away
    Posts
    604
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by southwestkerry View Post
    After he has sorted out his 'paper work'
    Lenihan has let him of with 100 lines - he'll have to do them again if he tries to tie two pencils together.

  8. #8
    Politics.ie Member White Horse's Avatar
    Join Date
    Jun 2006
    Location
    Dundalk
    Posts
    7,054
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Catalpa View Post
    Question is who decided this - Mr Goggin or Mr Lenihan?

    If the latter then this is just another example of the schizophrenic nature of the Governments response to the Banking Crises.

    That would leave us in a situation where International investors would (quite rightly) see BOI as to all intents and purposes under the effective control of the State.
    I think the government sees the bankers as being even more unpopular than them and will annouce a string of "resignations" over the coming weeks.

    They hope it will deflect attention from themselves.

    No-one from the Central Bank or the Dept. Of Finance will be fired though.

  9. #9

    Default

    Interesting little exchange between Mr. Goggin and Deputy Higgins at this morning's session of the Banking Inquiry:



    Goggin refused to answer the question about Apollo Management.

    This is the Herald article cited by Higgins: Dan White: The best thing that BoI's Goggin can do is? Stay away, don't come back - Herald.ie

    WHEN it comes to sheer brass neck the former Bank of Ireland boss Brian Goggin is in a league of his own.
    ...
    One would have thought that having presided over such a financial train-wreck the least that Goggin, who received a 650,000 annual pension from Bank of Ireland when he left, would do is quietly disappear.

    But no, after a "decent" interval out of the limelight it appears that Goggin is back.

    He is fronting up a bid by private equity group Apollo to buy distressed property loans from the Irish banks and the Irish subsidiaries of foreign banks.

    If Goggin and his pals get their way then they will buy these loans at a hefty discount and, when the property market recovers in a few years, flog them on at a profit.
    ...
    Has this man no shame? Does he not realise the outrage felt by Irish taxpayers, who were raped and pillaged to pay for the banks' blunders, towards the former bank bosses? ...


    Goggin hooks up with giant

    AS Bank of Ireland struggles to escape state ownership, Brian Goggin -- the former chief executive who racked up billions of euros of bum property loans -- has joined up with 42bn private equity giant Apollo Management to target distressed financial assets and other investments. ...
    You don't need a weatherman to know which way the wind blows

  10. #10

    Default



    Perhaps Goggin could audition for a role in a new series?
    You don't need a weatherman to know which way the wind blows

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •