Former chairman of AIB Dermot Gleeson, right, arriving at the Banking Inquiry this morning
Dermot Gleeson was chair of AIB from 2003 until 2009. (also a board member of Independent News and Media from 2000 until 2004).
The obvious.
He likes to states it.
From the Banking Inquiry:
Former AIB Chair Dermot Gleeson tells #bankinginquiry AIB lent too much to individual developers & put too much faith in their net worth
— Brian O’Donovan (@BrianODTV3) April 23, 2015
Ex-AIB Chair Dermot Gleeson tells #bankinginquiry that 2007 stress tests at the bank didn’t cater for the scale property crash #TV3News — Brian O’Donovan (@BrianODTV3) April 23, 2015
Ex AIB Chair Dermot Gleeson expresses “sincere regret” for events that led to it being nationalised. — Ciaran Hancock (@CiaranHancock1) April 23, 2015
Ex-AIB Chair Dermot Gleeson tells #bankinginquiry that if a referee (regulator) doesn’t blow the whistle much the more aggressive team wins — Brian O’Donovan (@BrianODTV3) April 23, 2015
Ex-AIB Chair tells #bankinginquiry that AIB didn’t ask for #guarantee & weren’t present for most of the discussions on the night #TV3News — Brian O’Donovan (@BrianODTV3) April 23, 2015
Dermot Gleeson: I was the chairman, the buck stopped with me, I did my level best but it wasn’t enough, I can never get away from that. — Brian O’Donovan (@BrianODTV3) April 23, 2015
Committee of inquiry into banking crisis
Banking inquiry: AIB ‘not aware’ of bank guarantee decision (Irish Times)
(Sam Boal/Photocall Ireland)
“I did my level best but it wasn’t enough, I can never get away from that…”
…my massive pension and personal wealth accrued from such calamitous leadership is a small comfort that insulates me from the punitive budget measures that have caused suffering to so many. And no, you can’t have a cent, do one you pleb”
Snap !
Hah! Perfectly said.
Don’t completely agree. His remuneration is approved by the board which is a proxy for the shareholders. The bank itself was meant to be regulated by the regulator which is overseen by the government which is voted in by everyone (/majority that voted for them). Everyone I’ve listed there is partly to blame including this guy, but he didn’t force himself into the role and he was not acting in any sort of rogue manner.
Already regret commenting, can only imagine what sort of attacks I’ve brought upon myself. But sure it’s my opinion..
Nothing disagreeable in that.
He’s still guilty of gross mismanagement and reckless lending. He’s the boss who makes the decisions and approves them… the buck stops with him, as he says, not the shareholders, the management.
These hoors were paid millions to be responsible then they made a balls of it.
Now nobody is responsible and we’re not getting our money back.
Simples.
Blame is widespread, but that doesn’t somehow magically make the boss of the bank blameless. That’s what keeps happening in Ireland, so many people were so wrong, therefore they were all right in their own kind of way, otherwise known as a Systems Failure, the very concept of a systems failure is a massive fraud on the citizen.
What in particular in my post do you actually disagree with?
1. What is not calamitous about a leadership that had his bank apeing Anglo ultimately bankrupted it?
2. Has he not been massively rewarded for leading a bank into bankruptcy and with it the state?
This is not an attack, genuinely curious as to why you think that because he’s not SOLELY to blame, that he’s somehow blameless?
+1
On that last tweet…. he did get away from that.
He got away with a huge payoff and is not shouldered with negative equity on some McMansion or over priced three bed semi…. these guys are so far up their own holes they don’t even know when they’ve gotten away with something….. how could he not be aware of the bank he was in charge of being taken out from under him… will ya fupp off !
Maybe, that’s just his ‘mature recollection’ of it?
Criminals assets bureau – seize his assets, house and anything else that can be auctioned off and donated to the victims of austerity. That and a 10 year prison sentence should just about do it.
Be serious. It’s not like he neglected to pay his television license or something.
There’s a difference between doing your job badly and doing something illegal. Ireland’s white collar crime laws are woefully inadequate for the first category.
That’s the sick point I was making.
You can play a large part in almost destroying a country and walk away rich beyond the wildest dreams of most, neglect a government charge and you’re in real shit.
He was also the Attorney General who advised Michael Noonan during the Brigid McCole case when she was dying of HepC.
Is he reeeeely reeeeely sorry about that too?
appointed ombudsman for diamond trading company in 2003, a marketing offshoot of de beers. a yes man for one of the most unethical industries imaginable.
Nothing changes
‘Still plenty of useless bald men around Dublin
Ruling the roost
Throwing shapes
Telling us what to do
Telling us what’s wrong
Telling us they’re right
But its all Gimme Gimme Gimme
Just dont ask me how I got here
Or make the questions too hard