Is there no end to this goon’s effrontery?
The latest we hear is that Irish Nationwide Building Society, the bank you’re bailing out with your tax levies and your pay cuts last year set up a pension fund, and paid €7.6 million into it for the benefit of the fund’s members.
Sorry. Let me rephrase that. I should have said Member. Singular. One. Uno. Duine amháin.
The pension fund has a single member who is none other than the great Fingers Fingleton, chief executive of Irish Nationwide.
Remember Fingers? This is the absolute arsehole who runs Irish Nationwide, and who gave himself a €1 million bonus only weeks after the government announced the bank guarantee scheme which is paid for by you.
So there you go. Not only did Fingers increase his salary as the bank went on the slide, but he also arranged to put €7.6 million of the bank’s money into a pension fund for his own sole use.
I was interested to read what Dan Boyle, the Green Party’s finance spokesman, said about old Fingers:
Michael Fingleton has come to personify all that is wrong with Irish banking. That he has remained so long in position while others have fallen on their swords is a complete mystery. He should not continue in that position of trust in what is after all, supposed to be a mutual society.
See that? A mutual society, set up for the mutual benefit of all its members, and not in existence to make a profit.
It looks like some societies are more mutual than others.
If I said the words Pig, Snout and Trough, what’s the first thing that would come into your mind?
Previously on Bock: