BRAVO. There was blood on the carpet. The old Anglo board retired with a whimper. Giants of the Irish corporate world were toppled. Gary McGann, chairman of the troubled DAA was gone; Ned Sullivan, chairman of Greencore was gone; Michael Jacob, a 20-year veteran of the Anglo adventure, was gone. Finance Minister Brian Lenihan’s claim …
Monthly Archive
for: ‘January, 2009’
Anglo’s Auditors Cheat The Hangman
THE accountants Ernst &Young sat in the front row in the Mansion House. Silent. Demands from shareholders that the number crunchers should answer questions were turned down. The Anglo directors sat on the podium in the Mansion House. Silent. Demands from shareholders that the part-timers should answer questions were turned down. AGM chairman Donal O’Connor …
Where Were The Auditors
There is a glimmer of hope for Anglo Irish Banks. As the big meeting beckons in the Mansion House on Friday, directors are tumbling from their pedestals. First ,chairman Sean FitzPatrick and director Lar Bradshaw fell on their swords, then chief executive David Drumm hit the tarmac. And last Wednesday financial boss Willie McAteer resigned. …
Banking Victims Fight Back
ARE you one of the forgotten bank victims of 2008? Admit it, you are silently nursing stock market wounds that you never foresaw? If so, you are one of a multitude of voiceless small investors, marooned out there. Perhaps you sold your small business recently, netting you a tidy sum? Perhaps you received redundancy money …
The Bankers
“The clearest account of [Ireland's] fall from grace comes from Shane Ross, a stockbroker-turned-business journalist, and Senator with a record of exposing corruption.” The Economist “Read this super book. Cry, get mad and get even.” Irish Times “There aren’t many better at puncturing the pompous world of Irish banking than Ross.” Sunday Tribune “Prose that …